Six shareholder proposals are on ballots this season asking for increased board diversity, or disclosure about board diversity.
Amazon’s proposal asks the board to adopt a policy requiring that the initial list of potential candidates “should include (but need not be limited to) qualified women and minority candidates,” and that search firms or other consultants make those types of candidates part of the first pool of qualified individuals that they create. The policy is intended to replicate the Rooney Rule in the National Football League, which mandate the inclusion of minority candidates for certain job positions. The company has three women directors, but the supporting statement argued that the board lacked racial or ethnic minorities. Continue Reading