Posts Categorized ‘Shareholder Advocacy’

The Financial CHOICE Act: An Unprecedented Challenge to Shareholder Rights
By Holly Testa, Director, Shareowner Engagement

While on one hand, long-term ESG issues raised via shareholder proposals are increasingly receiving serious consideration, opponents of the proposal process wish to eliminate them altogether. All fiduciaries have a duty to monitor investment risk and many, including First Affirmative, consider filing proposals to be inherent to this duty. The Financial CHOICE Act recently passed Read more »

Posted: August 9, 2017

Unprecedented Majority Votes on Climate
By Holly Testa, Director, Shareowner Engagement

Shareholder advocates have long pressed for increased disclosure from companies on their exposure to, and management of, climate risks and opportunities. In April, shareholders won major victories at Occidental Petroleum and Exxon Mobil. Via shareholder proposals (shareholder resolutions), both companies were asked to report on the impact of global measures designed to limit global warming Read more »

Posted: August 9, 2017

Baseball, Apple Pie, and Advocacy
By Mike Sakraida

In May, I presented two shareholder proposals on behalf of First Affirmative clients at annual general meetings. At Kinder Morgan, the proposal asked the company to disclose its analysis of carbon asset risk and its plans to address climate change. At Travelers, the topic was disclosure of lobbying policies and expenditure. For me, this tool Read more »

Posted: July 26, 2017

持続可能性: Sustainability, the Japanese Way
By Holly Testa, Director, Shareowner Engagement

Discussing environmental, social and governance issues with companies can be a challenge even when you share a common language and culture. How does one navigate this complex conversation when these commonalities are absent?  Lauren Compere, Director of Shareholder Engagement at Boston Common Asset Management, recently returned from her third trip to Japan. She represented First Read more »

Posted: January 18, 2017

Impact Investing and the Dakota Access Pipeline
By Laura Isanuk

The Dakota Access Pipeline (DAPL) is a textbook example of environmental injustice within the United States. The treatment of sovereign Native American nations by the U.S. government has rarely been admirable over the past 200 years, but DAPL has sparked the interest of a broad swath of Americans interested in social justice and attracted thousands Read more »

Posted: December 30, 2016

An Intimate Gathering with 50 Billion Dollars
By Laura Isanuk

This past June, I presented a resolution filed with TJX Companies by NorthStar Asset Management, Inc., ("NorthStar") a Boston-based socially responsible investment firm. The proposal requested the company link the CEO's compensation to progress on racial/ethnic and gender diversity in senior management. In preparation for the meeting, I met with NorthStar's Coordinator of Shareholder Activism, Read more »

Posted: August 16, 2016

A Minor Force for Impact Investing
By Mike Sakraida

An Insider's Look at Presenting a Shareholder Resolution With the 2016 Proxy voting season nearly over, we wanted to highlight our experiences presenting resolutions at a selection of annual meetings.  In the past companies have not been the most welcoming to our community. They cannot prevent our resolution from taking place, but when the meeting Read more »

Posted: August 12, 2016

Straight Shooting with Financial Firms
By Laura Isanuk

An Insider's Look at Presenting a Shareholder Resolution With the 2016 Proxy voting season nearly over, we wanted to highlight our experiences presenting resolutions at a selection of annual meetings.  In the past companies have not been the most welcoming to our community. They cannot prevent our resolution from taking place, but when the meeting Read more »

Posted: August 11, 2016

Two Companies, Two Experiences
By Laura Isanuk

An Insider's Look at Presenting a Shareholder Resolution With the 2016 Proxy voting season nearly over, we wanted to highlight our experiences presenting resolutions at a selection of annual meetings.  In the past companies have not been the most welcoming to our community. They cannot prevent our resolution from taking place, but when the meeting Read more »

Posted: August 5, 2016

Shareowners to Companies: Take Action on Climate!
By Holly Testa, Director, Shareowner Engagement

Originally published as a Future 500 blog. Shareowners have the opportunity every year to weigh in on issues they believe companies should address by filing shareholder resolutions at the company's annual meeting. By taking a close look at the resolutions filed each year, investor priorities emerge. According to the latest Proxy Preview, a comprehensive overview Read more »

Posted: May 26, 2016

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