Ameren Shareholders Reject Activist Proposals

Courtesy of Ameren
Courtesy of Ameren

Ameren shareholders voted down two proposals offered by activist shareholders at their annual meeting, although more than a fourth of the investors supported the measures.

The first proposal would have required Ameren’s chairman be an independent member of the board of directors. The second would have required Ameren to disclose its lobbying efforts and any money given to nonprofit groups that write and endorse model legislation. The board of directors at the St. Louis-based power company had recommended that the two proposals be rejected.

Read more from the St. Louis Post-Dispatch


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