American Express Company announced on March 14, 2025, its recommendation for shareholders to vote against a proposal relating to Diversity, Equity, and Inclusion (DEI) goals in executive pay incentives. This recommendation was disclosed in an SEC filing.
The company's stance comes amid broader discussions on corporate governance and the integration of social metrics into executive compensation structures. American Express stated that it no longer offers financial incentives for executives who source diverse suppliers, addressing a specific concern raised by a conservative legal group.
This event underscores the company's approach to managing shareholder activism and its internal policies regarding executive compensation and DEI initiatives. The board's recommendation reflects its assessment of the proposal's alignment with the company's existing governance framework and strategic priorities.
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