Labor-related shareholder proposals are on the rise with initiatives aimed at working conditions more than tripling last year. These resolutions have received a high average rate of support, and investors are maintaining pressure on the subject. Therefore, sources say, directors should view these measures with prudence.

…Shareholders filed at least 29 proposals in 2022 related to labor on topics such as workers’ rights, diversity, wages, and concealment clauses according to data from public company intelligence provider MyLogIQ. That’s an increase from 2021 and 2020, which both saw at least nine such proposals, and 2019 and 2018, which saw 11 and six labor-related proposals, respectively, according to the same data.