Reuters: Shareholders Raise Surveillance Concerns at AT&T, Verizon
A pair of privacy-related shareholder resolutions that were recently filed with AT&T and Verizon have been widely covered in the press. Trillium was the lead filer on the Verizon proposal and the NYS Comptroller’s Office was the lead filer on the AT&T proposal. Ross Kerber and Sinead Carew of Reuters write: “Shareholders of telecom giants AT&T Inc and Verizon Communications Inc are seeking more details related to their sharing of customer information with governments, showing investors starting to push back over the role of communications companies in spying operations. Activists including Trillium Asset Management of Boston and the $161 billion …
Shareholders Ask Verizon and AT&T to Report on Government Requests for Customer Information
BOSTON, MA // NOVEMBER 20, 2013: Adding the investor voice to the government surveillance debate, shareholders of Verizon Communications Inc. (NYSE: VZ) and AT&T (NYSE: T) filed shareholder proposals calling on the companies to publish semi-annual reports detailing how often they have shared information with U.S. or foreign governments and what type of customer information has been shared. These proposals bring the discussion squarely in front of corporate management and boards of directors. Global concern over U.S. government surveillance programs has provoked international press coverage as well as U.S. Congressional and European legislative hearings, and widespread calls for reform. Trillium …
Trillium Lobbies Berkshire Hathaway Shareholders in Support of Sustainability Reporting Proposal
Click here to read the press release. Boston, MA (April 27, 2009) Trillium Asset Management Corporation (“Trillium”) is joining two nonprofit advocacy organizations, the International Labor Rights Forum and the International Rivers Network, in calling on fellow Berkshire Hathaway investors to back a proposal on the agenda for the company’s upcoming May 2, 2009 annual meeting which requests that Berkshire prepare a Sustainability Report on its performance on environmental and social issues. Boston-based Trillium today released a letter filed last week with the Securities and Exchange Commission and sent to Berkshire’s nearly 2,000 institutional shareholders, who own more than …
Fundamental Rethinking of Financial Disclosure
The Securities and Exchange Commission has asked investors and investment advisers to help them engage in “a fundamental rethinking of financial disclosure, beginning with the basic purposes of disclosure from the perspective of investors and markets.” This sounds too good to be true, because in a sense it is. The 21st Century Disclosure Initiative, as it is termed, is primarily focused on harnessing new technologies (hardware and software) to improve reporting, transparency and the usefulness of data. However, the SEC did open the door to a meaningful re-examination of disclosure when they recently asked investors and investment advisors to comment …
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