Nathan Cummings Foundation: Grant Makers are Ignoring One of their Most Powerful Tools
Laura Campos, Director of Shareholder Activities for the Nathan Cummings Foundation, recently wrote an opinion piece for Philanthropy.com that highlights recent shareholder activism. Ms. Campos writes: “Over the past year, shareholder activists racked up a list of accomplishments that would be the envy of many foundations. They secured agreements from some of the world’s largest companies to set targets for reducing greenhouse-gas emissions. They persuaded companies to be more transparent and accountable with corporate political spending and to abandon support for controversial organizations like the American Legislative Exchange Council, also known as ALEC. They pushed companies to adopt plans to increase …
PRWatch: Xcel Energy and Endo Health Cut Ties to ALEC, Making 72 Corporations Out
The Center for Media and Democracy’s PRWatch reports that Xcel Energy and Endo Health Solutions are the latest companies to exit the American Legislative Exchange Council (ALEC). Rebekah Wilce writes: “A spokesperson for Xcel Energy — a $10.1 billion a year public company based in Minnesota — said that the company hasn’t been a member of the American Legislative Exchange Council (ALEC) since 2011 in response to a recent letter to the Boulder Weekly criticizing Xcel’s efforts to reduce homeowner solar “net metering” credits as a hindrance to transitioning to renewable energy sources. The spokesperson attempted to distance the company …
Johnson & Johnson Terminates Membership In American Legislative Exchange Council
Trillium Asset Management, LLC is pleased that Johnson & Johnson (NYSE: JNJ) confirmed this week that the company has terminated its membership in the American Legislative Exchange Council (ALEC). The highly controversial conservative organization has attracted significant attention for its activities promoting gun laws like the one at the center of the Trayvon Martin case, bills weakening labor unions and rules that tighten voter identification requirements. Having been in dialogue with Johnson & Johnson about our concerns – expressly urging it to leave ALEC weeks ago – we commend the company on its prudent decision which we believe is …
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