Trillium Successfully Withdraws Board Diversity Proposal at Wabtec
March 10, 2014: Trillium Asset Management is pleased to announce that it has withdrawn its shareholder proposal at Wabtec Corporation (NYSE: WAB) following the company’s agreement to institutionalize a commitment to board diversity inclusive of gender, race and ethnicity. Trillium’s shareholder proposal, which was filed on behalf of Rebekah Helzel, asked the company to: Publicly commit itself to a policy of Board inclusiveness to ensure that women and minority candidates are routinely sought as part of every Board search the company undertakes; At the time of the filing, Wabtec had no woman on its board of directors …
Banking Analyst Mike Mayo, of CLSA, Supports Trillium’s Shareholder Resolution at Citigroup
BOSTON, MA // DECEMBER 11, 2012: Trillium Asset Management LLC, on behalf of the Benedictine Sisters of Mount St. Scholastica, along with the AFSCME Employees Pension Plan recently filed a shareholder proposal with Citigroup Inc. (NYSE: C) asking the company’s board of directors to explore a possible separation of one or more of its business units. US banking and financial analyst Mike Mayo, of CLSA, which is Asia’s leading and longest running independent brokerage and investment group, has published a research piece supporting the resolution. “[T]his proposal is about disclosure, which is poor at Citi as it fails to disclose …
Board Diversity Policy – Zimmer Holdings (2013)
BE IT RESOLVED: That the Board of Directors consistent with their fiduciary duties: 1.) Take every reasonable step to ensure that women are in the pool from which Board nominees are chosen; 2.) Publicly commit itself to a policy of Board inclusiveness to ensure that women are routinely sought as part of every Board search the company undertakes; 3.) Publish a report by November 2013, at reasonable expense and omitting proprietary information, on its efforts to encourage diversified representation, inclusive of gender, on its Board, and the manner in which the nominating committee or board of directors will assess the …
Trillium Withdraws Three Shareholder Resolutions Related to Corporate Political Spending
Boston, MA — March 21, 2012. Trillium Asset Management, LLC (“Trillium”) is pleased to announce the withdrawal of three 2012 shareholder resolutions related to corporate political spending. Trillium has recently withdrawn resolutions filed with Chubb Corp. (NYSE – CB), State Street Corp. (NYSE – STT) and Halliburton Company (NYSE – HAL) after the companies committed to make improvement in their transparency and accountability in their corporate spending on political activities. “As long-term investors, Trillium is concerned that gaps in transparency and accountability expose companies to reputational and business risks that could threaten long-term shareholder value. Publicly available data does not …
JPMorgan Chase & Co. – Executive Compensation (2012)
WHEREAS: Income inequality is a growing problem in the United States. According to the U.S. Census Bureau, in 2010, 46.2 million Americans lived in poverty—including more than 1 out of every 5 American children. (http://www.census.gov/hhes/www/poverty/data/ incpovhlth/2010/highlights.html) Many in America’s once robust middle class are now struggling to make ends meet. While the bottom 99 percent of Americans face increasingly tough times, the share of income going to the top 1 percent, especially the top 0.1 percent, continues to grow. An October 2011 report from the Congressional Budget Office found that in 1979, the top 1 percent received about the same …
SEC Passes Proxy Access Rule
August 25, 2010 — This just in from the Social Investment Forum: Dear members, In a widely anticipated three-two vote along party lines, the Securities and Exchange Commission (SEC) today enacted a new rule 14a-11 granting shareholder access to the proxy, following more than three decades of debate. The new rule, however, includes some significant changes from the draft rule the SEC posted on June 10, 2009, which received more than 600 comments. The biggest change is on ownership thresholds and holding requirements. The ownership thresholds, originally 1 percent for large-cap, 3 percent for mid-cap, and 5 percent for the …
Strong Support from Chevron Shareholders for Proposal Co-Filed by Trillium
STRONG SUPPORT FROM CHEVRON SHAREHOLDERS FOR PROPOSAL TO STRENGTHEN DIRECTORS’ ENVIRONMENTAL EXPERTISE May 26, 2010, Houston – The proponents of a stockholder proposal at Chevron Corporation seeking greater board environmental expertise hailed the 27% in support it received, according to preliminary results released by the company. “As a businessman and investor, I know how important it is to have the right leadership in a firm,” said Rob McCord, Pennsylvania’s independently-elected State Treasurer. “The recent and tragic Gulf disaster should remind all executives and investors that trust matters — and so do contingency plans. This awareness should prompt Chevron to improve …
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