Shareholders are increasingly requesting that companies take a stance on environmental and social issues, The Wall Street Journal reported May 23.
Proposals questioning companies’ stances on such issues increased to 74 for annual meetings held before May 31, up from 43 last year, according to data from ISS Corporate Solutions.
The pressures come from advocacy groups and shareholders on both sides of the political aisle. Eli Lilly was asked to report on the risks of supporting abortion after openly opposing Indiana’s abortion ban last year; Mastercard was asked to address gun violence by implementing separate tracking merchant codes for gun stores.
Alexis Kayser May 26, 2023 READ
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