THE WALT DISNEY COMPANY | Adopt shareholder rights-related policies at THE WALT DISNEY COMPANY

Status
Omitted
AGM date
Resolution details
Company ticker
DIS
Lead filer
Individual
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Shareholder rights
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Discretionary
Company HQ country
United States
Resolved clause
Shareholders assembled in person and by proxy recommend that the Board of Directors take such action as may be necessary to adopt such provisions of law and corporate structure to provide that: 1. The Corporation respond within 30 days to any written communication from a shareholder of record with the company or with any financial institution, it being sufficient if the shareholder either be registered with the corporation or provide identity of financial institution and account. All shareholder communications qualify without reference to length of ownership. The response shall be written including email. The response to reflect good faith effort to respond and assist shareholder. 2. The Corporation shall adopt provision that the relationship of shareholder to corporation shall include an ‘implied covenant of good faith’ which has been interpreted to mean that “neither party shall act to defeat the reasonable expectations of the other”. A violation of this provision shall be enforceable in state court of any jurisdiction where corporation does business, any shareholder having standing to compel response to its requests and appropriate damages plus costs.

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