Berkshire Hathaway Inc. investors will have a chance to vote on three shareholder resolutions opposed by Chairman Warren Buffett and his board, including a call for the firm to disclose any political contributions.
Other proposals by shareholders would push Berkshire to divest holdings in companies that produce fossil fuels, and set targets for cutting methane emissions related to its operations, according to a proxy filing issued Friday. Berkshire said that its board unanimously opposes all three proposals.
Buffett said last month that the formal shareholder meeting to be held during Berkshire’s annual gathering on May 6 in Omaha, Nebraska, will be extended by a larger-than-usual number of investor proposals, without offering details of the resolutions.
“It will run an hour or so,” Buffett, who is also chief executive officer, said in his annual letter to shareholders. “That is somewhat longer than usual because three proxy items are to be presented by their proponents, who will be given a reasonable amount of time to state their case.”
No comments:
Post a Comment