Corporate Investors Target Labor, Political Spending in 2024

Labor rights, pay equity and political contributions are poised to take center stage at corporate annual meetings in 2024.

Shareholder proposals on workers’ rights are building on the momentum of a burgeoning labor movement, while proposals on political spending will see renewed attention as the presidential race gathers speed. The drive is especially notable considering that support for environmental, social and governance proposals took a hit overall this year, with an average of about 22% support down from 33% in 2021, according to a post-proxy season analysis from the Sustainable Investments Institute.

Following a labor-related win at Starbucks’ annual meeting ...