Writing for business news syndicate Bloomberg, reporter Clara Hudson today highlighted shareholder proposals that NLPC has submitted for companies’ annual meetings that will be held in the spring of 2025. From the article:
McDonald’s, American Express, and JPMorgan Chase face a new crop of shareholder proposals asking the businesses to forgo policies that tie executive pay to diversity efforts.
The proposals, seen by Bloomberg Law, were filed by the National Legal and Policy Center, a group that has brought a string of shareholder bids challenging current corporate diversity, equity, and inclusion programs. They ask the companies’ boards to examine incentive guidelines for executive pay and to “consider eliminating discriminatory DEI goals from compensation inducements.”…
The NLPC filed the proposals at McDonald’s and American Express on Friday. The group put forward the bid at JPMorgan on Nov 6. The companies all typically have their annual shareholder meetings in May, where investors could vote on these proposals if they’re included in the proxy statement.
Read the full article at Bloomberg Law (subscription required).
Our proposals that address DEI incentives in executive pay for American Express can be viewed here; for JPMorgan Chase here; and for McDonald’s here. NLPC has submitted similar proposals for Goldman Sachs (here), Coca-Cola (here), and PepsiCo (here). A few more are expected to be submitted to various companies by the end of this year, for next year’s annual meetings.
All of NLPC’s shareholder proposals from past corporate annual meetings can be viewed on our proposal tracker page.
