Amazon.com Inc will face 14 investor resolutions challenging its policies at its annual shareholder meeting on Wednesday.
The resolutions represents a record for the retail and cloud computing giant.
The increase in the number of resolutions marks the rise of environmental, social and corporate governance (ESG)-based investing.
It also reflects changes under securities regulators appointed by U.S. President Joe Biden that have made it easier for investors to file proposals and more difficult for companies to convince regulators that these resolutions should not go to a shareholder vote.
Google parent Alphabet Inc will face a record 17 resolutions on June 1, said research firm Insightia. That will be a fresh record for such resolutions at an S&P 500 company.
Roughly ten of the shareholder resolutions that Amazon investors will vote on pertain to worker rights and other “social” issues.
The others call for things like a review of Amazon’s use of plastic or changes to the company’s process for board nominations.
Amazon has recommended that its investors vote against all 14 resolutions, saying in its proxy statement that it often has already acted to address the underlying concerns of a proposal.
