3M
Corporate Bias Rating
Expand Summary
Risk Level:
Summary:
3M is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. 3M occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.
View Full Corporate Bias Ratings ReportBoard Bias
Expand Summary
CEO of 3M
Michael F. Roman
Summary:
Headquartered in Saint Paul, Minnesota, 3M is a member of the Fortune 250 operating in the Capital Goods industry. Michael F. Roman serves as CEO/President and Chairman, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $705,823 to Republican causes and $111,099 to Democratic causes. Under their tenure, 3M currently holds a 'Medium Risk' risk rating.
View Full Board Bias ReportPolitical Contributions of Leadership:
$705,823
$111,099
Republican
Democrat
Shareholder Proposals
Expand Summary
| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/14/24 | Governance | Raymond Weber | Improve Executive Compensation Policy to Include CEO Pay Ratio Factor | Against | 44.97% |
| 5/10/22 | Environmental | John Bishop Montgomery Trust | Report on Environmental Costs | Against | 13.16% |
| 5/10/22 | Social | Steven Milloy | Report on Operations in Communist China | Against | 3.24% |
In the News
Expand Summary
Shearman & Sterling LLP , Debevoise & Plimpton LLP , Cooley LLP , Goodwin Procter , Hogan Lovells , Kirkland & Ellis , Latham & Watkins LLP , McDermott Will & Emery , Milbank LLP , Morgan Lewis & Bockius , Morrison & Foerster LLP , Perkins Coie LLP , Reed Smith LLP , Ropes & Gray , Sidley Austin , Simpson Thacher & Bartlett , Skadden, Arps, Slate, Meagher & Flom LLP , White & Case , Wilmer Cutler Pickering Hale & Dorr LLP (WilmerHale)
Amazon , Citigroup , Yelp , Uber Technologies , Lyft , Match Group , Bumble, Inc. , Salesforce , Levi Strauss