Coca-Cola shareholders vote down proposal that targets pro-life states

[Kamaji]

Coca-Cola shareholders vote down proposal that targets pro-life states

By Joe Silverstein, Fox News
May 2, 2023

Coca-Cola shareholders recently voted against a proposal to conduct a survey into how state laws restricting abortion impact the company’s business performance.

“Shareholders request that Coca-Cola’s Board of Directors issue a public report prior to December 31, 2023, omitting confidential information and at a reasonable expense, detailing any known and potential risks or costs to the company caused by enacted or proposed state policies severely restricting reproductive rights, and detailing any strategies beyond litigation and legal compliance that the company may deploy to minimize or mitigate these risks,” the proposal stated.

The proposal was introduced by As You Saw, a nonprofit that promotes ESG policies in corporations.

Eighty-seven percent of controlling shares voted against the measure.

Voting power is allotted per the number of shares an individual or entity owns.

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Source:  https://nypost.com/2023/05/02/coca-cola-shareholders-vote-down-proposal-that-targets-pro-life-states/

[mountaineer]

detailing any known and potential risks or costs to the company caused by enacted or proposed state policies severely restricting reproductive rights

The company makes beverages. Was Coca-Cola planning to enter the abortion market? I must say I'm a bit puzzled.