Shareholders are increasingly showing signs of DEI fatigue because political warmth over this issue is intensified throughout Corporal America.
Both champions and critics of diversity policies, equality and involvements are again pushing the companies this annual season of the meeting to reinforce or diminish their dei policy through a shareholder proposal. But so far, none of these proposals They received support from the investor in Apple (APL), Costco (Cost), and John Deere (De.).
And this is not expected to change, because more votes are tabulated to multiple meetings of shareholders in the coming weeks and months, according to experts who follow these votes.
“I don’t expect to see many this year, if any, to get major support,” he said Elizabeth BieberChief Advisor for the Arrival of shareholders and defense of activism on Freshfields.
“And I would expect that when we look at numbers, year after year, we can actually see supporting support, no matter what the ideological side the proposal has tendencies.”
Since the end of February, a total of 21 proposals “Anti-dei” and 16 “PRO-Dei” proposals for voting this year among public trading companies involved in Russell 3000, according to the company for a recommendation to vote with ISS-Corporate.
ISS-Corporate expects the total number of Dei proposals to grow before the end of the voting season in April, although it is too early to know for sure. Last year, the investors of Russell 3000 forced votes to 34 total proposals opposed by the Dei initiatives and 77 in favor of them.
This year’s early increase in measures against Dei could be a signal that opposition proposals are increasing, Bieber said.
This could also lead to an increase in the Dei Dii proposal that will vote in the same company, as happened in February in John Deere (De.). Deere shareholders voted both pro-dei and anti-dei measures.
“Dei, since last year, is certainly one question in which companies have received [proposals] At both ends of an ideological spectrum, “Bieber said
So far, the anti-oriented measures have not received great support from the majority. In fact, Bieber said, the support level among the S&P 500 companies has fallen for proposals for Pro- and Anti-Dei in the last few proxy seasons.
Professor Faculty of Law, Fordham University ADIAN ADINA He said that in the last three years, anti-dei proposals have surpassed those who are considered to be pro-dei, but “comes from all sides.”
ADEDED-KOJI explores reputation, financial and social risks associated with corporate races policies that “most of the proposals against Dei are likely to be rejected as before.”
