Uber shareholders will vote Monday on a proposal that, if approved, will compel the company to fully disclose its “direct and indirect lobbying activities and expenditures.”
Advocates of the proposal argue that such information is critical to understanding the sustainability of Uber’s business model.
“How much do you have to lobby to grow your markets or defend your markets? Because that goes to the resilience of how you’re earning money,” Michael Pryce-Jones, senior government analyst at the International Brotherhood of Teamsters, the labor union that wrote the proposal, told TechCrunch.
Last year, the Teamsters submitted the same proposal for the first time. It failed, with only 30% of shareholders voting in favor. The group vowed to keep putting pressure on Uber and other companies (the Teamsters have put forward a similar proposal with Lyft) in order to gain more ground in the future.
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