Published on 19 Mar 2024 on Yahoo Finance
Companies are getting bolder in their battles to beat back proposals requiring them to disclose more about everything from environmental policies to artificial intelligence as shareholder support for governance changes shows new signs of waning in 2024.
So far this year, Apple (AAPL), Tyson Foods (TSN), and Applied Materials (AMAT) have defeated proposals that would have required the giants to disclose more about diversity, ESG, labor practices, and AI policies.
Exxon (XOM) is suing two activist investor groups — Arjuna Capital and Follow This — after the organizations tried to bring a shareholder vote on whether the oil giant should disclose greenhouse gas emissions.