Trillium’s 2013 Corporate Engagement Highlights
Over the course of the 2013 proxy season that just ended, Trillium directly engaged over two dozen major U.S. corporations with shareholder proposals and hundreds more via sign-on letters and other forms of outreach. Our shareholder proposal engagements addressed a wide range of concerns including climate change, human rights, discrimination in the workplace, a free and open Internet, privacy and data security, financial institution responsibility, political and lobbying spending, and board diversity. While we cannot cover all of our work here, following are key highlights. Climate Change Fugitive methane emissions from natural gas production have a 72X greater impact on …
Trillium Successfully Withdraws Four Board Diversity Proposals
In the autumn of 2012, Trillium filed board diversity shareholder proposals at Superior Energy* (NYSE: SPN), Hartford Financial* (NYSE: HIG), Zimmer Holdings (NYSE: ZMH) and Lowe’s Companies (NYSE: LOW). The proposals asked each company to: “publicly commit [themselves] to a policy of Board inclusiveness to ensure that women are routinely sought as part of every Board search the company undertakes” At the time of the filings, each company had either no women or only one woman on its board of directors. Further, none of the four companies disclosed diversity, inclusive of gender or race, as part of its board nominee …
Trillium’s 2012 Corporate Engagement Highlights
Susan Baker, Vice President, Trillium Asset Management Over the course of 2012, Trillium engaged with over two dozen major U.S. and foreign corporations to address a wide range of concerns, including climate change, sustainable agriculture and fisheries, Indigenous rights and environmental justice, political spending, labor and human rights, diversity and non-discrimination, and a free and open Internet. Below are a few important highlights. Climate Change and Sustainable Agriculture Trillium’s shareholder proposal at J.M. Smucker on the sustainability of its coffee supply chain received 30% support. We re-filed the proposal, focusing on the well-being of coffee-farming families and a sustainability strategy. …
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 …
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