Dine Brands Global, Inc. | Increase Starting Wages at Dine Brands Global, Inc.

Status
12.43% votes in favour
AGM date
Proposal number
5
Resolution details
Company ticker
DIN
Resolution ask
Report on or disclose
ESG theme
  • Social
ESG sub-theme
  • Decent work
  • Remuneration or pay
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Discretionary
Company HQ country
United States
Whereas clause
The shareholders request that the board of directors oversee the preparation of analysis, made publicly available, of the feasibility of increasing tipped workers’ starting wage to a full minimum wage, per state and federal levels, with tips on top to address worker retention issues and economic inequities.

How other organisations have declared their voting intentions

Organisation name Declared voting intentions Rationale
EFG Asset Management For The proponent asks the company to assess and report on the feasibility raising the minimum pay of its workers to the full minimum wage. The company says it does not control wages for most of the restaurants in its brands. The company states that it assesses wages at its restaurants and complies with all relevant laws. The company is concerned that this proposal would put it at a competitive disadvantage.

However, a report on the feasibility of increasing tipped workers' wages to the minimum wage could help inform shareholders of the rigor, soundness, and fairness of the firm's wage practices. Additionally, the proposal, if implemented, would allow shareholders to assess the benefits of such a policy on the community, company and shareholder value. Therefore, shareholder support of this proposal is warranted.

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