Shareholder Proposal on Sudan Presented at JP Morgan Chase Stockholder Meeting
Statement at JP Morgan Chase Stockholder Meeting in Support of Resolution No. 10 Concerning Human Rights Policies May 20, 2008 Good morning, Mr. Chairman, Board of Directors & my fellow shareholders. I am presenting this proposal on behalf of Trillium Asset Management Corporation, the Calvert Group, Amnesty International and the General Board of Pensions and Health Benefits of the United Methodist Church. [The proposal received 7.5% support from fellow shareholders.] Resolution No. 10 calls for a report to shareowners discussing how our investment policies address or could address human rights issues, with a view toward adding appropriate policies and …
Putting China On the Spot for Sudan
2007 By Shelley Alpern Trillium Asset Management Corporation (“Trillium”) will be working with two nonprofit organizations this fall to keep up the economic pressure on the Government of Sudan (GoS). The “selective divestment” model – developed by the Sudan Divestment Task Force adopted by Trillium – focuses on companies in strategic sectors, whose tax payments or royalties provide major revenue for the GoS. The sectors include oil and gas, electric power, or telecommunications. The model involves engagement with companies before determining whether to divest, depending on whether the investor believes that on balance, the economic and social benefit they provide …
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