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March 10, 2014: Trillium Asset Management is pleased to announce that it has withdrawn its shareholder proposal at Wabtec Corporation (NYSE: WAB) following the company’s agreement to institutionalize a commitment to board diversity inclusive of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 …
W.W. Grainger Adds Gender Identity and Expression Language to its Equal Opportunity Employment Guidelines
Following a brief dialogue with Trillium, W.W. Grainger (NYSE: GWW) – which is a Fortune 500 company – has updated its Business Conduct Guidelines and employee handbook to explicitly prohibited discrimination on the basis of gender identity and expression. Trillium believes that companies and workers benefit from consistent, corporate-wide, efforts to prevent discrimination, ensuring a respectful and supportive atmosphere for all employees. The Human Rights Campaign’s Corporate Equality Index notes that nearly 70% of the Fortune 100 and 43% of the Fortune 500 prohibit discrimination based on gender identity or expression; an indication that companies are taking gender identity protections seriously. State …
CFO Magazine: Show Us the Talent
Currently, most public companies do not have a consistent, standardized, method to communicate with shareholders and other stakeholders about the financial value of their human capital assets. The Society for Human Resource Management has recently proposed a Standard for corporate disclosure of human-capital that includes the reporting of employee salaries, benefits and taxes; number of full-time equivalents and total headcount; spending on employee support; spending in lieu of employees; and training and development as well as employee retention and leadership pipeline. CFO Magazine published an article about the proposed Standards. David McCann writes, “Keith Mills, an equity analyst at Trillium …
Seasonal Wrap-up: Trillium's 2011 Engagement Highlights
Trillium Asset Management, LLC, a Boston-based pioneer in the field of environmental, social and governance (ESG) investing, reported out today on the results of its 2011 proxy season engagements with nearly two dozen major U.S. corporations. (For a full listing of our 2011 Shareholder Proposals, scroll to the end of the page.) “A good portion of our dialogues and resolutions resulted in agreements with companies to improve policies and provide more transparency,” said Matthew Patsky, CEO of Trillium. “Both are helpful in assessing the environmental, social and governance risks and their financial impact on shareholders.” Trillium’s ESG program addressed a …
Heading into Corporate Annual Meeting Season, Trillium Announces Four Shareholder Proposals Withdrawn
Trillium Asset Management Corporation (“Trillium”) is pleased to announce the withdrawal of four shareholder 2010 resolutions as we head into the annual meeting season. Resolutions filed with Plum Creek Timber, Lincoln Electric, State Street Bank and Whole Foods Market have resulted in changes to corporate policies that will have a positive impact on transparency, corporate governance and workplace diversity. Plum Creek Timber Company (PCL): Say on Pay Our “say on pay” proposal called upon management to submit an advisory resolution on executive compensation for shareholder approval at annual meetings. After evaluating the resolution, for which Trillium was the lead filer, …
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