Shareholder proposals aimed at labor-related issues have more than tripled over the last year, bringing with them additional risks for boards and companies. The growing spotlight on labor could bring battles that unfold on proxies or in court — and a recent Delaware Chancery Court case could further the trend.
In 2022, shareholders across all public companies filed at least 29 proposals related to labor focusing on topics ranging from workers’ rights to diversity that appeared at annual meetings, according to data from public company intelligence provider MyLogIQ. The years 2021 and 2020 both only saw nine proposals, according to the same data.
Further, labor-related proposals that went to a vote received 32.8% support on average in 2022, according to the data. By contrast, support for all labor-related proposals for the four years prior was at 27.2%, the MyLogIQ data shows.
Compensation committees at S&P 500 companies are increasingly tying annual bonuses to measures beyond financial…
The pay gap between CEOs and their employees has widened over the past half decade,…
Chip maker Broadcom gave Hock Tan, its chief executive, a $161 million stock award, instantly…
Elon's Musk's $56 billion pay package's upheaval, a hedge fund sanctioned for failing to preserve…
Disclosures about directors' skills and expertise are increasingly coming under the microscope as investors ramp…
On Jan. 1, several of the nation's biggest companies — including Morgan Stanley, Kraft Heinz,…