Amazon shareholders rejected a proposal to mandate the permanent separation of the company’s CEO and board chair positions, according to CNBC. About 82% of Amazon shareholders voted against the proposal, according to a Thursday filing. The Accountability Board proposed codifying the separation of Amazon’s CEO and board chair roles, aligning with practices at most S&P 500 companies. The advocacy group argued this structure improves governance by allowing the board to oversee strategy while the CEO manages operations. Amazon urged shareholders to oppose the proposal, emphasizing the importance of flexibility in choosing the most effective leadership structure based on the company’s evolving needs.
