Companies stand to face increasing pressure from shareholders to protect abortion access for workers as new state laws—and a looming Supreme Court decision—threaten reproductive rights.
Walmart Inc., Lowe’s Cos., and TJX Cos. represent what’s potentially the tip of a burgeoning trend in shareholder activism in this area: All three companies will face votes on proxy proposals in the coming weeks aimed at shaping internal policies related to abortion access.
“We’ve seen this trend beginning to some extent in prior years,” said Carolyn Frantz, co-head of the Public Companies & ESG practice at Orrick Herrington & Sutcliffe LLP. “Now, there are ...
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