Trillium Successfully Withdraws Political Spending Shareholder Proposal at KSU
MARCH 9, 2015: Trillium Asset Management (Trillium) is pleased to announce that we have withdrawn our shareholder proposal with Kansas City Southern (NYSE: KSU), following the company’s commitment to provide strong reporting of its political spending, both direct and indirect.
Kansas City Southern has made a public commitment to inform the trade associations that it belongs to that the company’s membership dues are not to be used for political purposes. Additionally, KSU’s policy will not allow corporate funds to be used for, or provide corporate contributions to support, 527 independent expenditure groups, Super PACs, or 501(c)(4) organizations.
“Providing this kind of transparency and clarity will contribute to the integrity of the Kansas City Southern’s governance structure and policy engagements,” said Jonas Kron, Senior Vice President of Trillium. “Political spending transparency also bolsters the legitimacy of the democratic process. As we look to our elected representatives to make sound public policy that benefits people and the economy, this type of transparency is vital”.
The Center for Political Accountability assists Trillium in our engagements with companies on political spending transparency issues and we are grateful for their support.
For more information: Randy Rice, Trillium Asset Management, (617) 515-6889, firstname.lastname@example.org
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