Shareholders asked to approve new ESG policies in 2024 are warming up to the 'G' even as they continue withholding support for the 'E' and 'S.'
Shareholders asked to approve new ESG policies are warming up to the "G" even as they continue withholding support for the "E" and "S."
Most that passed called for the elimination of supermajority vote requirements for significant company actions, including at California chip maker Nvidia targets. This anti-ESG and anti-DEI momentum has forced some companies to peel back some of their existing policies, let alone adopt new ones.in July, stating that it would continue to track workforce diversity but end participation in cultural- and social awareness-focused events.
There were 252 such proposals and 38 were successful out of the 154 that went to a vote between Jan. 1 and June 14. Those figures exclude proposals concerning executive compensation. The most popular change was to reduce supermajority vote requirements and replace them with simple majority voting standards — a move designed to enhance the rights of shareholders. This was the proposal approved at Nvidia stands against the other industrial stocks that are already riding the AI wave.
ESG Shareholders Vote Requirements ISS Tractor Supply Political Scrutiny Corporate Governance Environmental Proposals Nvidia John Deere
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