How activist shareholders are seeking change at some of the largest restaurant chains – Nation’s Restaurant News – DC Initiative on Racial Equity
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It’s annual meeting season and this spring publicly traded restaurant companies will see votes on resolutions ranging from the use of gestation crates in meat production to transparency about workforce diversity.

Shareholder activism is nothing new, but advocacy groups are increasingly taking shares in companies to pressure for change regarding environment, social and governance, or ESG, issues. Though such resolutions may never have a chance of being adopted, they bring debate about things like animal welfare, reducing emissions and whether to eliminate the tip credit to a more public forum — at least through proxy statements.

Later this month, for example, shareholders of both Dine Brands Global Inc. and Denny’s will be asked to vote on a shareholder resolution to analyze the impact of ending use of a subminimum wage, known as the tip credit.

Chipotle Mexican Grill and McDonald’s Corp. shareholders will vote on resolutions tied to diversity and inclusion transparency. McDonald’s, Wendy’s and Dine Brands Global Inc. will look at use of gestation crates for pigs raised for meat.

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A resolution for Restaurant Brands International, or RBI, calls for the company to analyze and report on how the company will be resilient in the face of labor pressures.

Sha


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