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FedEx, Procter and Gamble Oppose Shareholders' Diversity Proposals

The proposals, which P&G and FedEx disclosed in recent proxy filings, are the latest examples of mounting ESG pressures on major corporations.

August 27, 2021 at 02:31 PM

4 minute read

Corporate Governance

Phillip Bantz

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The original version of this story was published on Corporate Counsel

What You Need to Know

FedEx shareholders want the company to release more data about the diversity of its senior leaders.
The P&G proposal would force the company to consider non-managerial employees for director nominees.
Both companies contend that the proposals are unnecessary.

FedEx Corp. and Procter & Gamble Co. are fighting shareholder proposals pushing for policies aimed at promoting diversity at the upper levels of the companies and bringing more transparency to environmental, social and governance reporting.

The proposals, which P&G and FedEx disclosed in recent proxy filings, are the latest examples of mounting ESG pressures on major corporations.

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