Uber

Is Uber disclosing enough information about its lobbying? 30% of shareholders want more

Is Uber disclosing enough information about its lobbying? 30% of shareholders want more

“Thirty percent support for the proposal in its first year at Uber shows a significant base of support for this reform, which we believe will only grow over time,” a spokeswoman for the Teamsters said Tuesday. “Transparency and accountability are necessary at Uber and throughout the ‘gig’ industry.”

Michael Connor, executive director of Open MIC (Media and Information Companies Initiative), a nonprofit that works on socially responsible investing, agreed with that assessment.

“[It’s] a strong signal that the underlying issues are important to an influential contingent of investors — and the company’s board and management would be wise to begin addressing those issues,” he said.

Top proxy advisers urge Uber investors to approve proposal seeking lobbying disclosure

Top proxy advisers urge Uber investors to approve proposal seeking lobbying disclosure

Michael Connor, executive director of Open MIC (Media and Information Companies Initiative), a nonprofit that works on socially responsible investing and shareholder engagement, told MarketWatch that recommendations by Glass Lewis and ISS, which advise many of the world’s largest asset managers, “are a big deal and can translate into an additional twenty percentage points or more in the final tabulation for a proposal.”

The San Francisco-based company’s investors are scheduled to vote on this and other proposals at the May 10 annual shareholder meeting.