Amazon (AMZN) investors again rejected outside shareholder proposals that would have required the online retail giant to provide additional reporting on multiple areas, including climate impact and the development of artificial intelligence software, Reuters reported Wednesday.
Investors rejected all eight of the proposals put forward by shareholders at the company's annual meeting, including one calling for further disclosure about packaging materials, the report said.
The company had recommended shareholders to vote against the proposals as its existing disclosures were sufficient and that it was working towards reducing its environmental impacts, the report said, adding that investors voted to re-elect 12 directors of the company's board and also approved executive compensation proposals.
All 14 resolutions put forth by outside shareholders were also rejected last year, according to Reuters.
Amazon did not immediately respond to a request for comment from MT Newswires.
Shares were down 1.3% in recent Thursday trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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