Amazon.com Inc. , the world's biggest retailer, will face a shareholder vote calling for an independent audit of its treatment of warehouse workers after the top U.S. securities regulator turned down the company's request to skip the resolution.
With investors globally pushing companies to look after their workforce as part of an increased focus on social issues, London-based retail investor activist platform Tulipshare helped file a resolution seeking to shine a light on Amazon's practices.
While Amazon asked the SEC to let them refuse to put the resolution to a vote, claiming the issue relates to ordinary business operations, an April 6 letter from the SEC disagreed. Amazon declined to comment on the SEC response when contacted by Reuters. An annual general meeting of shareholders is scheduled for May 25.
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