A shareholder proposal for Thomson Reuters Corp (TRI.TO) to review human rights issues emerging from its U.S. government contracts gained increased investor support but failed to win approval at the company's annual meeting on Wednesday.
The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kellyto review human rights issues emerging from its U.S. government contracts gained increased investor support but failed to win approval at the company’s annual meeting on Wednesday.
The shareholder proposal came from a British Columbia labor union and focused on Thomson Reuters work with government agencies including ICE. The tally potentially represented a majority of support from outside investors. The Woodbridge Co, representing the Thomson Reuters controlling Thomson family, owns two-thirds of the company shares and had planned to vote against the resolution, according to a securities filing. Final voting figures had yet to be filed and Moran did not provide additional details.
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