Citigroup Inc. shareholders at their annual meeting April 21 voted down shareholder proposals related to environmental, social and governance issues.
The banking giant's board had urged shareholders to vote against these proposals.
A shareholder proposed that the board take the necessary steps to enable as many shareholders as may be needed to aggregate their shares to equal 3% of the company's stock owned continuously for three years to enable shareholder proxy access. Another shareholder proposal was submitted to request the board to review Citigroup's governance documents and make recommendations to shareholders on how the purpose of a corporation signed by CEO Michael Corbat can be fully implemented.
Another shareholder proposed to require Citigroup to fully disclose its direct and indirect lobbying activities and expenditures to assess whether the company's lobbying is consistent with its expressed goals and in shareholders' best interests.