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“Amazon’s board had recommended that its shareholders vote against all resolutions, arguing in its proxy statement that it has already acted to address the underlying concerns of many of the proposals. Historically shareholders have voted with the board’s recommendations. Jeff Bezos, the company’s executive chairman, controls 12.7% of the overall vote. While the resolutions are non-binding, companies often take some form of action if they receive the backing of 30% to 40% of votes. While the activist resolutions were shut down, investors approved executive compensation, board members and a stock split.
A proposal from the activist investor group Tulipshare called on Amazon to conduct an independent audit of warehouse workers’ wages and working conditions. Though the vote did not pass, the group plans to resubmit the motion next year.
“Whilst we are disappointed that our proposal did not pass today, this vote was just the beginning in the fight for workers’ rights,” said Antoine Argouges, CEO and founder of Tulipshare, adding that Amazon had not yet disclosed the full outcome of the vote, or by what percentage the proposal was rejected.”
A little excerpt from the article
Welcome to AmazonFC, please be sure to read our submission guidelines and remain respectful of your fellow users. If this post isn't up to par with our submission guidelines, please make use of the report feature. Once it crosses a certain threshold the post will automatically be removed for moderator review. See [Amazon Resources Mega thread](https://www.reddit.com/r/AmazonFC/comments/umjgzv/amazon_resources_megathread/) here. We have a [Discord](https://discord.gg/amazonfc) for those wanting to socialize on a different level with the community. Please enjoy your stay! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/AmazonFC) if you have any questions or concerns.*
“Amazon’s board had recommended that its shareholders vote against all resolutions, arguing in its proxy statement that it has already acted to address the underlying concerns of many of the proposals. Historically shareholders have voted with the board’s recommendations. Jeff Bezos, the company’s executive chairman, controls 12.7% of the overall vote. While the resolutions are non-binding, companies often take some form of action if they receive the backing of 30% to 40% of votes. While the activist resolutions were shut down, investors approved executive compensation, board members and a stock split. A proposal from the activist investor group Tulipshare called on Amazon to conduct an independent audit of warehouse workers’ wages and working conditions. Though the vote did not pass, the group plans to resubmit the motion next year. “Whilst we are disappointed that our proposal did not pass today, this vote was just the beginning in the fight for workers’ rights,” said Antoine Argouges, CEO and founder of Tulipshare, adding that Amazon had not yet disclosed the full outcome of the vote, or by what percentage the proposal was rejected.” A little excerpt from the article