(Reuters) – Amazon.com Inc’s investor-led proposal to review its use of plastic received 49% assist at the same time as shareholders voted down all of the 15 resolutions on the e-commerce big’s annual normal assembly, a regulatory submitting confirmed on Friday.
It was the one proposal that got here shut to reaching the 51% mark for approval. Investors opposed resolutions that challenged the corporate’s insurance policies on numerous points, together with the remedy of staff and use of non-disclosure agreements.
To be certain, about 13% of the corporate’s voting inventory is managed by Founder and Executive Chairman Jeff Bezos, elevating the bar for any effort to win a majority of investor assist.
The proposal for a report on whether or not Amazon cloud, surveillance and different capabilities contribute to human rights violation received 40% assist. But an amazing 87% voted down a proposal calling Amazon to review employee security.
Only 39% of votes had been in favor of a decision associated to unionization of staff, however 47% backed a report on whether or not Amazon’s lobbying actions had been in step with the very best curiosity of the shareholders.
A transfer to review Amazon’s facial recognition know-how obtained 41% votes in favor, whereas a report for extra particulars on gender and racial pay managed to get assist from simply 29% of the shareholders.
The resolutions are non-binding, however firms typically take some type of motion in the event that they obtain backing of 30% to 40% of votes forged.
Separately, traders backed the corporate’s proposal to approve govt compensation, elect director nominees and think about a inventory break up by a giant margin.
(Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur)
