financetom
Business
financetom
/
Business
/
Shareholder challenge to Thomson Reuters over ICE contracts wins only slim support
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Shareholder challenge to Thomson Reuters over ICE contracts wins only slim support
Jun 10, 2026 1:34 PM

June 10 (Reuters) - A shareholder resolution calling on

content and technology company Thomson Reuters ( TMSOF ) to review the

human rights implications of its work with U.S. immigration

authorities won only about 3% support at the firm's annual

meeting on Wednesday.

The vote on the resolution, proposed by a British Columbia

government workers union, centered on products and services sold

to law enforcement by the Toronto-based company that some

investors and employees say may help power the Trump

administration's crackdown on undocumented immigrants.

Thomson Reuters ( TMSOF ) had opposed the proposal, and at the meeting

its chairman, David Thomson, said "over 95%" had voted against

the shareholder measure, while "over 3%" supported it.

"We welcome the outcome of today's vote, which reflects

shareholders' confidence in the board's recommendation to vote

against the proposal," a Thomson Reuters ( TMSOF ) spokesperson said.

An example of government work cited by supporters of the

failed resolution was a $22.8 million contract set to have ended

in May with the Department of Homeland Security that in part

provided the Immigration and Customs Enforcement (ICE) agency

with license plate reader data.

According to federal spending records, that and other

contracts were awarded to Thomson Reuters Special Services

(TRSS), a unit of Thomson Reuters ( TMSOF ) based in McLean, Virginia. The

unit says its products help prevent financial crimes, identify

foreign influence and help law enforcement and national security

officials analyze data.

The company's Reuters news organization is independent,

operating separately from the other parts of Thomson Reuters' ( TMSOF )

business.

One corporate governance expert said the vote showed that

Thomson Reuters' ( TMSOF ) biggest investors either felt the measure was

unnecessary, or had no appetite for confrontation with the Trump

administration over its immigration policies.

"With this vote you have investors not interested in

signaling anything" about the company's work with immigration

authorities, said Douglas Chia, president of independent

corporate governance firm Soundboard Governance.

One major investor, Norway's sovereign wealth fund, said it

voted against the measure because it could not support a

proposal "where the company does not appear to have significant

gaps in their management or reporting of the relevant

sustainability risk."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ross Stores Insider Sold Shares Worth $7,524,673, According to a Recent SEC Filing
Ross Stores Insider Sold Shares Worth $7,524,673, According to a Recent SEC Filing
Sep 1, 2024
04:52 PM EDT, 08/29/2024 (MT Newswires) -- Barbara Rentler, Director, CEO, on August 27, 2024, sold 48,885 shares in Ross Stores ( ROST ) for $7,524,673. Following the Form 4 filing with the SEC, Rentler has control over a total of 311,853 shares of the company, with 311,853 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/745732/000141588924022562/xslF345X05/form4-08292024_080846.xml Price: 151.76, Change: -0.04, Percent Change:...
Golub Capital Bdc Insider Bought Shares Worth $300,800, According to a Recent SEC Filing
Golub Capital Bdc Insider Bought Shares Worth $300,800, According to a Recent SEC Filing
Sep 1, 2024
04:32 PM EDT, 08/29/2024 (MT Newswires) -- David Golub, Director, Chief Executive Officer, on August 28, 2024, executed a purchase for 20,000 shares in Golub Capital Bdc ( GBDC ) for $300,800. Following the Form 4 filing with the SEC, Golub has control over a total of 7,548,213 shares of the company, with 125,388 shares held directly and 7,422,825 controlled...
MongoDB Stock Rallies After Strong Q2 Results, Upbeat Guidance
MongoDB Stock Rallies After Strong Q2 Results, Upbeat Guidance
Sep 1, 2024
MongoDB, Inc. ( MDB ) shares are climbing after the company reported its second-quarter financial results after Thursday's closing bell. Here's a look at the details from the quarter.  The Details: MongoDB ( MDB ) reported quarterly earnings of 70 cents per share, which beat the analyst consensus estimate of 49 cents by 42.86%. Quarterly sales came in at $478.1...
Dell Technologies Second-Quarter Earnings Unexpectedly Rise; Revenue Tops Views
Dell Technologies Second-Quarter Earnings Unexpectedly Rise; Revenue Tops Views
Sep 1, 2024
04:53 PM EDT, 08/29/2024 (MT Newswires) -- Dell Technologies ( DELL ) late Thursday reported a surprise increase in fiscal second-quarter earnings while the computer maker's revenue climbed above Wall Street's estimates amid rising demand for artificial intelligence servers. Adjusted earnings rose to $1.89 a share for the quarter ended Aug. 2 from $1.74 a year earlier, beating the Capital...
Copyright 2023-2026 - www.financetom.com All Rights Reserved