Investors in Walmart (WMT.N) rejected each of the nine shareholder-driven motions at the retailer’s annual meeting on Wednesday, according to a preliminary count by the company.
Voting was requested from shareholders on a variety of topics, such as disclosing the company’s exposure to China and conducting an independent investigation into its safety procedures regarding gun violence. Walmart was also encouraged to reveal the sources of its donations to right-wing political organizations in a suggestion made at the conference.
A compilation of the votes revealed that the shareholder-led resolution on gun violence, put forth by Walmart employee Cynthia Murray, earned the greatest number of votes nearly 24% among all the other shareholder motions.
Murray said in a statement to Reuters that the outcome of the Walmart shareholder meeting today proves that investors also have worries about our safety at work, and my fellow Walmart workers and I will continue to fight for a Workplace Safety & Violence Review.
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Everyone deserves to feel safe at work, and every employer has a responsibility to keep staff members and clients safe, she said.
Just 1.3% of the shares voted went to the National Legal and Policy Centre, a conservative organization that urged Walmart to disclose its exposure to China. At the meeting, about 90.8% of all outstanding shares were represented, according to Walmart.
In addition, Walmart shareholders approved company-led measures that included paying its CEO and other senior executives for the year 2023 as well as choosing each of its 11 directors for a one-year term.
Walmart would approve proposals that received 51% of shareholder votes in favor if they were successful. The official voting results for each item will be provided by Walmart in a filing with the Securities and Exchange Commission.