Amazon, Tesla, Wells Fargo, and other companies have so far had limited success leveraging a Trump SEC initiative intended to restrict investors seeking corporate action on environmental and social issues.
Companies this year have blocked shareholder proposals a little more than half the time, at most, with the aid of new Securities and Exchange Commission curbs targeting ESG investors, according to a Bloomberg Law review of agency records. The SEC in February retracted a Biden-era policy intended to ease consideration of environmental, social, and governance proposals at annual shareholder meetings.
The SEC has since weighed in on dozens of fights …