The audit -- an analysis of companies to see whether their businesses cause and perpetuate discrimination -- will be led by former U.S. Attorney General
The review will measure any disparate racial impacts on Amazon’s U.S. hourly employees resulting from policies, programs and practices, the world’s largest online retailer said. The Seattle-based company said it will publish the audit’s results once completed.
New York State Common Retirement Fund and its Comptroller
The New York pension fund had filed a shareholder
While the proposal failed, it garnered 44.2% of shareholder support, according to Bloomberg Intelligence, the highest of all racial-audit resolutions that went to vote during last year’s annual shareholder meetings. The New York pension plan
Amazon is advising shareholders to vote against the resolution because the company is now doing an audit. A company spokesman referred to the proxy statement filed last week.
Amazon joins other companies, including JPMorgan Chase & Co., that have agreed to perform racial audits after initially pushing back against doing them. They had cited their efforts such as funding historically Black colleges and universities, running leadership programs for underrepresented minorities and channeling tens of millions of dollars to help close the racial wealth divide.
Apple Inc. shareholders backed a call last month for the tech giant to undergo a civil-rights audit -- the first time such a resolution passed. Airbnb Inc. was the
(Updates with investor comment in the fourth paragraph)
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