Shareholder proposals related to cultural issues, such as ESG efforts and abortion rights, are increasingly on the rise.
In The Wall Street Journal, Michael Littenberg, partner and global head of Ropes & Gray’s ESG, CSR and Business and Human Rights practice, said, “they’re in the business of doing business. Most companies would probably rather stay out of the political discourse. There’s an increasing amount of proposal fatigue. The more proposals that companies get, the more proposals they have to spend time thinking about at the board level.”
“These proposals are not going away,” Michael said. “I can guarantee you that next year we will have another record number.”
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