Shareholder Motions and Support Levels
Although no shareholder motions passed, some proposals received outstanding support. 28% of voters favored restricting management termination pay, while 31% backed a proposal to report on Citigroup's impact on Indigenous rights. The preliminary tallies showed varying levels of support for different proposals.
Climate Activists Target Citigroup and Bank of America
Only 10% of voters supported a resolution for Citigroup to phase out fossil fuel financing. This issue caught the attention of climate activists, who targeted Citigroup and Bank of America offices with spray-painted messages and protests on Monday, ahead of their annual meetings.