April 8, 2022
Amazon shareholders will vote to launch an investigation into the company’s treatment of its employees.
The investors submitted a separate shareholder resolution, which provides for an audit of health and safety at work.
The Domini Impact Equity Fund was also included in the resolution, but it was rejected by the SEC because it was “substantially duplicative” of the first.
The proposal to investigate the company was endorsed by the London-based retail investor platform Tulipshare, which filed the proposal under the name of a Tulipshare investor, Thomas Dadashi Tazehozi.
A rule introduced by the U.S. Securities and Exchange Commission in November allowed investors to vote on crucial social issues.
Amazon has since asked the SEC for permission not to put the resolution to a vote because it says it is a normal business matter.
However, the appeal was dismissed according to an April 6 letter from the SEC.
“In our view, the Tazehozi proposal goes beyond ordinary business matters,” the SEC said.
The sources for this piece include an article in Reuters.
