The $226 billion pension plan co-filed a
Amazon asked the U.S. Securities and Exchange Commission to keep the proposal off its proxy at the annual meeting, saying the measure would infringe on the company’s “ordinary business,” according to a letter it sent Monday to the regulator. The appeal for a broad survey “implicates many aspects of the company’s operations that don’t raise significant policy issues,” Amazon said in the letter.
New York State Comptroller
Corporations regularly seek to remove resolutions from ballots. Last month, Citigroup Inc. asked the SEC to block a filing from CtW Investment Group that called for the New York-based bank to perform a racial equity audit.
In seeking SEC approval to exclude the pension’s proposal, Amazon cited its diversity and inclusion policies, pledges to match donations to racial justice groups and goals to double the number of Black directors and vice presidents in the company.
Angie Quennell, a spokeswoman for Seattle-based Amazon, declined to comment beyond the letter. John Nester, an SEC spokesman, also declined to comment.
Other investors that filed the resolution with the New York fund included the Praxis Growth Index Fund, the Catherine Donnelly Foundation and Reynders, McVeigh Capital Management.
To contact Bloomberg News staff for this story:
To contact the editors responsible for this story:
© 2021 Bloomberg L.P. All rights reserved. Used with permission.