SPY425.10+2.50 0.59%
DIA341.98+3.20 0.94%
IXIC14,369.71+97.98 0.69%

Glass Lewis ESG Controversy Alert: Amazon.com

05/10/2021 07:07

11:04 AM EDT, 05/10/2021 (MT Newswires) -- Glass Lewis is advising shareholders of Amazon.com (AMZN) to vote against three of almost a dozen proposals due to be covered at the company's upcoming annual general meeting on May 28.

Proposals have been submitted to a vote that deals with topics including how Amazon.com is promoting its employees, how it is working to reduce its packaging, and how it is ensuring that its facial recognition technology and video doorbell systems are not contributing to human rights violations, according to a Glass Lewis Controversy Alert distributed on Sunday.

Shareholders are also looking to make changes to Amazon's fundamental governance practices, with proposals asking that the company appoint an independent board chair and lower the threshold required to call a special meeting, the Glass Lewis Alert added.

Glass Lewis is recommending that shareholders vote against a shareholder proposal regarding median gender and racial pay equity report. It is also recommending that shareholders vote against a shareholder proposal regarding report on plastic packaging and it is also recommending that shareholders vote against a shareholder proposal regarding hourly associate representation on the board.

The Glass Lewis recommendations fall under the ESG categories of human capital management, other social issue and other governance issue.