40 large European & American institutional investors urge companies to avoid suing shareholders over sustainability proposals.
40 large European & American institutional investors, managing $4.8 trillion, have urged companies to avoid taking shareholders to court over disagreements regarding proposals. They cite Exxon's lawsuit against activist groups as an example, expressing concern that such actions could deter shareholders from addressing sustainability issues. They want to protect the right of shareholders to decide on proposals independently.
May 28, 2024
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