Not easy for shareholders to make gun makers change

Some investors have campaigned to remove gun maker Sturm, Ruger’s board members. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

(NYTIMES) - The message after a mass shooting in the United States, this time at a Texas elementary school, was clear: People who want to curb gun violence should "cast their vote in November". That was how Senator Chuck Schumer put it.

But not everyone will have to wait until then. Shareholders of the Connecticut-based gun maker Sturm, Ruger can vote on a shareholder proposal which states that because of "the inherent lethality of firearms", Ruger must hire an outside firm to study its impact on human rights, "above and beyond legal and regulatory matters".

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.