Amazon shareholders reject the proposal to divide the roles of CEO and chairs

Amazon The shareholders rejected the company’s proposal to take a policy for the CEO and the roles of the board chair.

Voting disclosed in a document About 82% of shareholders rejected the offer on Thursday. Independent proposal was presented along with Seven Amazon Annual meeting Wednesday. Each of the independent proposals was rejected.

Amazon breaks the roles of the General Manager and Plaque chair when the founder Jeff iszos Helm turned He passed to Andy Jassy in 2021. As part of the passage, Bezos maintained the head of the executive.

The proposal was asked to provide information on the establishment of the Amazon “S & P 500 companies”, the presentation council wrote in the presentation of the Council. The group claimed to focus on corporate governance and control of the Split structure and focus on the company’s work.

“With the currently allocated positions, it would be a good time to do it now,” Proxy States.

Shareholders who want the chairman of the Board and CEO’s roles are growing in recent years. The number of such proposals increased by 113% among Russell 3,000 in the first half of 2023, the highest level in the last ten years Society Management Harvard Law School Forum.

Amazon called on shareholders to vote against the proposal, the current Policy allows the Council to determine the correct leadership of the company “at our special terms” company.

In 2021, the separation came to the structure and functions of Amazon’s leadership and the “after carefully reviewed”, wrote in the company’s recommendation.

“In light of our success through these different leadership, the Board believes that shareholders are better to adapt to our development needs and implement the optimal leadership in any time and implement the optimal leadership.

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