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Shareholders Say Washington, DC NFL Team Name Presents Heightened Reputational Risks to Stadium Sponsor FedEx

July 16, 2014

  FedEx Increasingly Embroiled in Ongoing Controversy over “Redskins” Name   July 16, 2014: Last week, FedEx won approval from the Securities and Exchange Commission for its effort to remove a shareholder proposal focused on the ongoing controversy over the “Redskins” name from its upcoming annual proxy. Investors filed a shareholder proposal in April with FedEx Corporation (NYSE:FDX) asking the company to “respond to reputational damage from its association with the Washington D.C. NFL franchise team” and its name controversy. FedEx possesses the naming rights to the team’s stadium, FedExField, in Landover, Maryland through 2026. Investors are now urging FedEx …

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USA Today: Shareholders Concerned about FedEx Link to Redskins

June 20, 2014

  Earlier this week a ruling from the U.S. Patent and Trademark office revoked six trademarks belonging to the Washington, DC football team calling the name ‘disparaging’. A coalition of investors, including Trillium, has also recently announced a shareholder proposal with FedEx Corporation (NYSE:FDX) asking the company to “respond to reputational damage from its association with the Washington D.C. NFL franchise team” and its name controversy. Erik Brady, of USA Today Sports, writes: “…The filing represents a new battleground in the fight over the Washington club’s controversial team name — sponsors. FedEx owns the naming rights at the suburban Maryland …

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Lobbying Disclosure – FedEx Corporation (2012)

April 26, 2012

Whereas, businesses, like individuals, have a recognized legal right to express opinions to legislators and regulators on public policy matters. It is important that our company’s lobbying positions, and processes to influence public policy, are transparent.  Public opinion is skeptical of corporate influence on Congress and public policy and questionable lobbying activity may pose risks to our company’s reputation when controversial positions are embraced. Hence, we believe full disclosure of FedEx’s policies, procedures and oversight mechanisms is warranted. Resolved, the stockholders of FedEx Corporation (“FedEx”) request the Board authorize the preparation of a report, updated annually, and disclosing: 1.   …

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FedEx – Develop & Adopt Human Rights Policies (2012)

July 19, 2011

WHEREAS Expectations of the global community are growing, such that companies must have policies to promote and protect human rights within their areas of activity and sphere of influence to help promote and protect a company’s reputation as a good corporate citizen. Corporations operating in countries with civil conflict, weak rule of law, endemic corruption, poor labor and environmental standards face serious risks to reputation and shareholder value when they are seen as responsible for, or complicit in, human rights violations. FedEx, in its Annual Report 2010, states:  “…our company is built around a singular vision: to make it possible …

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