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Stakeholder Votes Divided on Social Justice

Proxy voting reveals disagreement between the influential majority and smaller shareholders on diversity, equity and inclusion issues.

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Corporations and investment firms have pledged publicly to advance racial equality in recent months by addressing workplace and operational biases.

In 2019, before people across the United States were compelled to examine their own roles in systemic racism, resolutions for the 2020 proxy-voting season had been filed and served as signs of what was to come. The issues they address--from worker treatment to technologies of surveillance--seemed to anticipate economic, social, and political fault lines, months before they surfaced.

Jackie Cook does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.