Investors increase pressure on companies over racial issues

Investors increase pressure on companies over racial issues

Shareholder pressure on companies including Amazon, Union Pacific and JPMorgan Chase to address race and other diversity issues has risen to record levels this year, after the Black Lives Matter movement and the pandemic focused investor attention on social challenges.Investor support for resolutions at annual meetings that focused on diversity, such as calling for companies to report on their workforce inclusion efforts, has soared this year, according to figures from Proxy Insight, a data provider. The average of investor support for diversity-related resolutions globally in the first six months of 2021 was 42.4 per cent, compared with 23.9 per cent over the whole of 2020, the data showed.

FT article on corporate diversity.

https://www.ft.com/content/d0987e79-624a-4f95-bc0d-89f74efe8380

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