shareholder resolution · 2019
Free Enterprise Project (National Center for Public Policy Research) at Starbucks Corporation
Adopt a policy of disclosing to shareholders the specific minimum qualifications the nominating committee believes a board nominee must meet, and each nominee's skills, ideological perspectives and experience in a chart or matrix, published in the annual proxy statement and on the company's website within six months of the annual meeting and updated annually. The filer's stated aim was to have companies it saw as led by liberal directors add conservative board members.
What happened
Result: Voted on as Proposal 4 at the annual meeting on March 20, 2019 and rejected. Starbucks' Form 8-K reports 14,608,573 votes for, 845,056,279 against, 12,902,535 abstaining and 229,123,837 broker non-votes. That is 1.70 percent in favour counting only votes for and against, or 1.67 percent if abstentions are included in the base.
We found no documented change at Starbucks following this vote.
Who is involved
What this campaign is about
- Supports strong governance Pivotal · JUST Capital