American Express Company

Ticker: AXP
Meeting date: 06/05/2024
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1a Elect Director Thomas J. Baltimore Vote rationale: Board members should devote sufficient time to fulfil their responsibilities effectively. The chairperson is responsible for leading all aspects of the board’s work and should devote a significant amount of time to fulfil his or her responsibilities effectively. Board members should contribute to effective discussions and decision-making by attending all meetings. Global Voting Guidelines Time commitment of board members For Against
1b Elect Director John J. Brennan For For
1c Elect Director Walter J. Clayton, III For For
1d Elect Director Theodore J. Leonsis For For
1e Elect Director Deborah P. Majoras For For
1f Elect Director Karen L. Parkhill For For
1g Elect Director Charles E. Phillips For For
1h Elect Director Lynn A. Pike For For
1i Elect Director Stephen J. Squeri Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO For Against
1j Elect Director Daniel L. Vasella For For
1k Elect Director Lisa W. Wardell For For
1l Elect Director Christopher D. Young For For
2 Ratify PricewaterhouseCoopers LLP as Auditors For For
3 Advisory Vote to Ratify Named Executive Officers' Compensation For For
4 Amend Omnibus Stock Plan For For
Shareholder proposals
5 Submit Severance Agreement to Shareholder Vote Against Against
6 Report on Climate Lobbying Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
7 Report on Company's Policy on Merchant Category Codes Vote rationale: We will not support a shareholder proposal where the company does not appear to have significant gaps in their management or reporting of the relevant sustainability risk. We assess companies against our public expectations on environmental and social issues. We may consider direction of travel and pace of change as part of our assessments. Global Voting Guidelines Shareholder proposals on sustainability Against Against

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