Proxy advisory firm ISS has recommended that investors reject proposals asking the Coca-Cola Co. and PepsiCo to publish reports on how abortion restrictions impact their business, a significant shift from proxy advice it gave Walmart Inc. investors last year before the Supreme Court overturned Roe v Wade.
The Coca-Cola proposal filed by As You Sow will face a vote Tuesday at the beverage company’s annual shareholder meeting. It seeks a report detailing potential workforce risks or costs resulting from state abortion restrictions. The proposal notes research from the Institute for Women’s Policy Research that says those who cannot ...
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