“This creates a highly resistant environment to shareholders filing a shareholder proposal – you need to be a major asset owner to have a voice in Europe,” Andrew Behar, CEO of non-profit shareholder advocacy group As You Sow, tells ESG Investor. Unlike in the US, once filed, shareholder proposals in the UK are subject to achieving a majority vote and are binding. “In the US, we got a 96% majority vote last year and the company told us to take a hike,” says Behar. Read More →
