Citi left red-faced after prematurely using new US proxy rules to query ESG proposal

Bank apologises but move has been criticised by shareholder groups

Citigroup has blamed an internal error after pushing back against an ESG proposal for the 2021 proxy season, mistakenly citing controversial new US rules that won't come into force until January 2022.

The workers-on-boards resolution, submitted by corporate governance activist Jam…

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