%28Reuters%29+%E2%80%93+Amazon.com+Inc%E2%80%99s+investor-led+proposal+to+review+its+use+of+plastic+won+49%25+support+even+as+shareholders+voted+down+all+the+15+resolutions+at+the+e-commerce+giant%E2%80%99s+annual+general+meeting%2C+a+regulatory+filing+showed+on+Friday.%0AIt+was+the+only+proposal+that+came+close+to+reaching+the+51%25+mark+for+approval.+Investors+opposed+resolutions+that+challenged+the+company%E2%80%99s+policies+on+various+issues%2C+including+the+treatment+of+workers+and+use+of+non-disclosure+agreements.%0ATo+be+sure%2C+about+13%25+of+the+company%E2%80%99s+voting+stock+is+controlled+by+Founder+and+Executive+Chairman+Jeff+Bezos%2C+raising+the+bar+for+any+effort+to+win+a+majority+of+investor+support.%0AThe+proposal+for+a+report+on+whether+Amazon+cloud%2C+surveillance+and+other+capabilities+contribute+to+human+rights+violation+won+40%25+support.+But+an+overwhelming+87%25+voted+down+a+proposal+calling+Amazon+to+review+worker+safety.%0AOnly+39%25+of+votes+were+in+favor+of+a+resolution+related+to+unionization+of+workers%2C+but+47%BAcked+a+report+on+whether+Amazon%E2%80%99s+lobbying+activities+were+consistent+with+the+best+interest+of+the+shareholders.%0AA+move+to+review+Amazon%E2%80%99s+facial+recognition+technology+got+41%25+votes+in+favor%2C+while+a+report+for+more+details+on+gender+and+racial+pay+managed+to+get+support+from+just+29%25+of+the+shareholders.%0AThe+resolutions+are+non-binding%2C+but+companies+often+take+some+form+of+action+if+they+receive+backing+of+30%25+to+40%25+of+votes+cast.%0ASeparately%2C+investors+backed+the+company%E2%80%99s+proposal+to+approve+executive+compensation%2C+elect+director+nominees+and+consider+a+stock+split+by+a+big+margin.%0A%28Reporting+by+Eva+Mathews+in+Bengaluru%3B+Editing+by+Arun+Koyyur%29%0A%0AThe+post+Amazon+investor+proposal+to+review+plastic+use+narrowly+fails+to+clear+appeared+first+on+World+News+Guru.+https%3A%2F%2Fworldnewsguru.us%2Fbusiness%2Famazon-investor-proposal-to-review-plastic-use-narrowly-fails-to-clear%2F150969%2F

%28Reuters%29+%E2%80%93+Amazon.com+Inc%E2%80%99s+investor-led+proposal+to+review+its+use+of+plastic+won+49%25+support+even+as+shareholders+voted+down+all+the+15+resolutions+at+the+e-commerce+giant%E2%80%99s+annual+general+meeting%2C+a+regulatory+filing+showed+on+Friday.%0AIt+was+the+only+proposal+that+came+close+to+reaching+the+51%25+mark+for+approval.+Investors+opposed+resolutions+that+challenged+the+company%E2%80%99s+policies+on+various+issues%2C+including+the+treatment+of+workers+and+use+of+non-disclosure+agreements.%0ATo+be+sure%2C+about+13%25+of+the+company%E2%80%99s+voting+stock+is+controlled+by+Founder+and+Executive+Chairman+Jeff+Bezos%2C+raising+the+bar+for+any+effort+to+win+a+majority+of+investor+support.%0AThe+proposal+for+a+report+on+whether+Amazon+cloud%2C+surveillance+and+other+capabilities+contribute+to+human+rights+violation+won+40%25+support.+But+an+overwhelming+87%25+voted+down+a+proposal+calling+Amazon+to+review+worker+safety.%0AOnly+39%25+of+votes+were+in+favor+of+a+resolution+related+to+unionization+of+workers%2C+but+47%BAcked+a+report+on+whether+Amazon%E2%80%99s+lobbying+activities+were+consistent+with+the+best+interest+of+the+shareholders.%0AA+move+to+review+Amazon%E2%80%99s+facial+recognition+technology+got+41%25+votes+in+favor%2C+while+a+report+for+more+details+on+gender+and+racial+pay+managed+to+get+support+from+just+29%25+of+the+shareholders.%0AThe+resolutions+are+non-binding%2C+but+companies+often+take+some+form+of+action+if+they+receive+backing+of+30%25+to+40%25+of+votes+cast.%0ASeparately%2C+investors+backed+the+company%E2%80%99s+proposal+to+approve+executive+compensation%2C+elect+director+nominees+and+consider+a+stock+split+by+a+big+margin.%0A%28Reporting+by+Eva+Mathews+in+Bengaluru%3B+Editing+by+Arun+Koyyur%29%0A%0AThe+post+Amazon+investor+proposal+to+review+plastic+use+narrowly+fails+to+clear+appeared+first+on+World+News+Guru.+https%3A%2F%2Fworldnewsguru.us%2Fbusiness%2Famazon-investor-proposal-to-review-plastic-use-narrowly-fails-to-clear%2F150969%2F

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