Supporting Statement Independent evaluations have raised concerns that American Express’s governance and culture may reflect ideological imbalance,exposing the Company to reputational and stakeholder risks. According to the 1792Exchange,which rates corporate political and cultural risk exposure,American Express is classified as a “High Risk” company because it“embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues.”1 The report further notes that the political contributions ofAmerican Express leadership favor Democratics over Republicans by nearly nine to one,which is a significant disparity that raises the specter of a material lack of viewpointdiversitywithinleadershipranksthatcouldleadtoinsufficientlyinformeddecision-makingduetoecho-chambereffects putting shareholder value at risk.2 The1792Exchangealsoreportsthat theCompany’spolicies and advocacy“yield to political activism in shaping corporate governance,potentially alienating consumers,dividing employees,and harming shareholders.”3 It highlights practices involving race-andidentity-basedinitiativesthat“replacemeritwithpreferentialtreatmentandoutcomes,”whichcanheightenreputational andlegal risk if perceived as politically motivated rather than performance-driven.4 Similarly, the Alliance Defending Freedom’sViewpoint Diversity Score has raised additional concerns related toAmerican Express’s viewpoint neutrality.5 That index evaluates whether corporate practices“respect a diversity of political and religious perspectives,”warning that one-sided ideological engagement can create legal exposure and workplace division.6 These assessments underscore a growing governance and fiduciary risk: that board-level and managerial actions could be viewed as reflecting partisan or ideological preferences rather than focusing on shareholder value.In today’s polarized climate, even the appearance of bias maydamagecustomertrust,employeeconfidence,and public credibility. To mitigate this risk, shareholders should ensure that oversight of political bias risk is explicitly assigned at the board committee level. Theproposedamendmentwouldnotrestrictmanagement’sdiscretion or political engagement,but it would ensure periodic review andtransparent reporting of political-activity risks,possibly including: (1) monitoring of corporate and leadership political contributionsandaffiliations;(2)assessmentofwhetherpoliciesorpublicstatementsreflectbalancedgovernance;(3)evaluation of viewpoint diversity and inclusion across leadership and workforce initiatives. Byadopting this amendment,shareholders will affirm their commitment to ideological neutrality,fair representation,and responsible governance—principles that strengthenAmerican Express’s reputation and long-term shareholder value.