Apple Elects Second Woman to Board of Directors – Demonstrating Commitment to Diversity
July 21, 2014: The Sustainability Group of Loring, Wolcott & Coolidge and Trillium Asset Management, LLC commend Apple Inc. (NASDAQ: AAPL) for electing Sue Wagner, founding partner and director of BlackRock, to its Board of Directors. Ms. Wagner is widely acknowledged as a strategic thinker and pioneer in the field of finance. Given her experience in mergers and acquisitions, Ms. Wagner is a strong addition to the Board as Apple continues to expand its business globally. Following dialogue with Trillium and The Sustainability Group in December 2013, Apple updated its Nominating and Corporate Governance Committee Charter to include strong language …
Valuewalk.com: SRI Groups Appear To Be The Most Active Investors
ValueWalk.com recently published an article about corporate engagement in the Sustainable and Responsible Investing industry. Michael Ide writes: “…Trillium Asset Management, which had the highest percent VAM (votes against management) and $1.5 billion AUM, was unsurprised to learn that they voted against management more than half the time, or that they were one of the most vocal investors that a company might have to work with. Trillium actively engages management on environmental issues, privacy concerns, disclosure and accountability for political donations, and more. It is also stringent on compensation packages. ‘We have high standards on remuneration, and draw a hard …
Board Diversity – Angiodynamics, Inc. (2014)
Resolved: Shareholders request that the Board of Directors adopt a policy on Board diversity that requires the Nominating and Corporate Governance Committee consistent with its fiduciary duties to: include women and minority candidates in the pool from which Board nominees are chosen; expand director searches to include nominees from both non-executive corporate positions and non-traditional environments such as government, academia, and non-profit organizations; report to shareholders by February, 2015, at reasonable expense and omitting proprietary information, its efforts to encourage diversified representation on the Board and the manner in which it will assess the effectiveness of its efforts and policy. …
Pensions & Investments: Trillium Votes Against Berkshire Hathaway Board Due to Lack of Any Minority Representation
Pensions & Investments recently published an article about how investors were voting their Berkshire Hathaway proxies at the company’s shareholder meeting, which took place this past weekend. Barry B. Burr writes: “Berkshire Hathaway Inc. faces opposition to the re-election of directors from CalSTRS, Florida State Board of Administration and Trillium Asset Management, according to their proxy voting disclosures…Trillium Asset Management will vote against the election of all 11 directors, including Warren E. Buffett, chairman and CEO… Trillium opposes all of the directors because of a lack of any minority representation on the board, said Jonas Kron, Trillium senior vice president-director …
Los Angeles Times: Apple Pledges to Consider Adding More Women, Minorities to Board
Trillium and Sustainability Group’s engagement with Apple, Inc., regarding board and executive diversity, continues to receive wide media coverage. Jessica Guynn, technology reporter for the Los Angeles Times, writes: “[The] company added new language to the board charter to say it plans to consider women and minorities as board candidates. Apple made the move after shareholders Trillium Asset Management and the Sustainability Group expressed disappointment that Apple has only one woman on its eight-member board and only one woman on its executive team reporting to Chief Executive Tim Cook. ‘This is going to be a multiyear process. It is not …
Bloomberg News: Apple, Facing Criticism About Diversity, Changes Bylaws
Bloomberg News recently published a story about Trillium and Sustainability Group’s engagement with Apple, Inc., regarding board and executive diversity. Adam Satariano writes: “Apple Inc., facing behind-the-scenes pressure from some shareholders to add more female directors and executives, has taken a step to address the criticism and diversify its board. The world’s most valuable company recently added language to its corporate charter vowing to diversify its board. The move follows objections from shareholders Trillium Asset Management LLC and the Sustainability Group, who said they’re disappointed that the iPhone maker has only one woman on its eight-member board, and one incoming …
Board Diversity – Cerner Corporation (2014)
WHEREAS: Cerner Corporation has one woman on its board of directors. Athenacare, a healthcare sector peer, has two women on its board. Baxter and Becton Dickinson, healthcare companies similar in size to our company have two women and three women on their boards, respectively. A 2012 report by the business-led Committee for Economic Development entitled Fulfilling the Promise: How More Women on Corporate Boards Would Make America and American Companies More Competitive notes that the percentage of women on all U.S. corporate boards has been below 13% for a decade; The National Association of Corporate Directors released a report in …
Apple Updates Charter of Nominating and Corporate Governance Committee to Clarify Diversity Commitment
Recently, Apple Inc. (NASDAQ: AAPL) updated its Nominating and Corporate Governance Committee Charter to include strong language on the importance of diversity in its candidate selection for the Board of Directors. The document makes clear that the committee actively seeks “highly qualified women and individuals from minority groups to include in the pool from which Board nominees are chosen.” The Sustainability Group of Loring, Wolcott & Coolidge and Trillium Asset Management engaged Apple on this subject and commend the company for this important step. With this move, Apple has further institutionalized its commitment to addressing gender and racial diversity at …
Board Diversity – Westinghouse Air Brake Technologies Corporation (2014)
WHEREAS: Westinghouse Air Brake Technologies Corporation does not have women on its board of directors nor in senior executive positions; Our company’s peers , WABCO Holdings and Trinity Industries, have women on their board of directors; A 2012 report by the business-led Committee for Economic Development entitled Fulfilling the Promise: How More Women on Corporate Boards Would Make America and American Companies More Competitive notes that the percentage of women on all U.S. corporate boards has been below 13% for a decade; We believe that diversity, inclusive of gender and race, is an essential measure of sound governance and a …
Board Diversity – Cree, Inc. (2013)
WHEREAS: Cree, Inc. does not have women on its board of directors; Our company’s peers GT Advanced Technologies and Arrow Electronics have two women on their board of directors; Hubbell, Inc. and Orion Energy Systems each have one woman on their board of directors; A 2012 report by the business-led Committee for Economic Development entitled Fulfilling the Promise: How More Women on Corporate Boards Would Make America and American Companies More Competitive notes that the percentage of women on all U.S. corporate boards has been below 13% for a decade. We believe that diversity, inclusive of gender and race, is …
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