Amazon Adopts New Policy to Promote Board Diversity
Amazon has announced that it is adopting a new policy to promote diversity in its board directors, saying that women and minorities are to be among the company’s board nominees. “The Amazon Board of Directors has adopted a policy that the Nominating and Corporate Governance Committee include a slate of diverse candidates, including women and minorities, for all director openings,” said Amazon in a filing with the Securities and Exchange Commission. The new policy follows a shareholder proposal jointly submitted by the Master Trust of the Service Employees International Union and CtW Investment Group, which works with pension funds affiliated with a federation of unions, which said Amazon’s board has failed to convert verbal support for diversity to practical action. Amazon’s board currently has ten members, all of whom are white, including three women.
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Reuters