American Express Co. investors must have the opportunity to vote on a shareholder proposal seeking information about abortion privacy risks, the Securities and Exchange Commission said.
In a letter published on its website Wednesday, the SEC rejected American Express’s request to nix the proposal, which was filed by ESG asset manager Change Finance. The resolution seeks a public report detailing the potential risks and costs that American Express would incur in fulfilling law enforcement requests concerning abortions.
The proposal said there’s “reason for concern” that geolocation data, browsing history and financial activity could be accessed by law enforcement without consumer ...
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