Inside the Amazon Shareholders' Meeting -- ALEC, Mic Check and More
As the time for new business at the Amazon shareholder meeting Thursday morning arrived, the audience grew restless. For those of us holding legal proxies or actual shares, a confrontation was coming on issues around political disclosure, climate change, ALEC funding, workplace conditions and Amazon's corporate taxes.
Two shareholder initiatives had qualified for the official ballot: Climate change transparency and accountability and transparency about corporate political contributions to candidates and organizations.
In addition to Jeffrey Bezos, Amazon's board of directors consists of venture capitalists and corporate CEOs, which is fairly typical for a public company. That group, for whatever reason, decided to recommend against political transparency and a climate change disclosure and transparency policy.
Amazon and Political Transparency
Bruce Herbert is founder and CEO of Newground Social Investment, and he was the author and filer of the political disclosure resolution, which he read aloud at the meeting. The resolution called for disclosure and review of all corporate political contributions, who they were paid to, identification of the Amazon official authorizing the disclosure with a statement of their purpose in authorizing it, and for all information on these expenditures to be posted on the Company website.
