AMERICAN EXPRESS CO

The proposal requests that American Express evaluate and publicly report, within one year, on the risks associated with covering transgender healthcare interventions for minors beyond statutory minimums, excluding proprietary or confidential information. The supporting statement cites evolving state and federal restrictions, shifting public sentiment, and international regulatory changes as drivers of potential legal, compliance, financial and reputational risk. The proponent references the Company’s reported adoption of certain treatment coverages and argues that continuing such coverage or facilitating out-of-state care could increase costs and legal exposure. The requested report would be intended to inform shareholders about the risk landscape and the company’s practices regarding coverage for minors.

The proposal seeks a bylaw amendment requiring the Company to establish a Political Bias Committee charged with overseeing risks related to perceived political or ideological bias at the board and management levels and to provide an annual report to shareholders on its oversight activities. The proponent cites external assessments alleging ideological imbalance and emphasizes potential reputational, legal and stakeholder risks tied to political activities, contributions and policies. The requested committee would monitor political contributions, assess whether company statements and policies reflect balanced governance, and evaluate viewpoint diversity across leadership. The proponent frames the change as a governance mechanism to protect shareholder value and transparency without directly restricting management’s political activities.