Guns, abortion and race heat up company annual meetings
As Americans struggle to find common ground on a growing list of social issues, investors are demanding some of the country’s biggest companies take action.
Conservative shareholder advocates have countered with requests for their own twist on the racial audit, riding a growing backlash against companies making business decisions governed by environmental, social and governance principles. The National Center for Public Policy Research filed a dozen resolutions with companies, including Bank of America and Walmart, demanding reports that assess whether their initiatives are detrimental to the civil rights of workers other than those whom “companies label diverse.” The proposals received less than 4% backing from investors.
Photo credit: Associated Press
