Trump Administration Moves to Suppress the Proxy Voting Rights of Working People’s Retirement Plans in Corporate Elections
In a partisan 3-2 vote, the U.S. Securities and Exchange Commission approved rule changes that will make it harder for investors to hold corporate CEOs accountable by filing shareholder proposals on environmental, social and governance issues. The AFL-CIO strongly opposed these rule changes as a threat to shareholder democracy.
Responsible Investors Overwhelmingly Reject SEC Proposals to Entrench CEOs
Earlier this month, responsible investors filed thousands of comments with the U.S. Securities and Exchange Commission (SEC) to oppose a rule-making that will entrench corporate CEOs from accountability on environmental, social and governance issues. Pension plans, socially responsible investors, faith-based funds, individual investors and investor rights groups strongly opposed the SEC power grab by CEOs and their corporate lobbyists.
Trump’s SEC Chairman Proposes to Disenfranchise Investors and Reduce Shareholder Democracy
In a partisan 3-2 vote, the Trump administration’s Securities and Exchange Commission (SEC) proposed to curtail the rights of investors to file proposals for a vote at company annual meetings. If adopted, these changes will hinder shareholder proposals by union members and their pension plans to hold corporate management accountable.
New 'Responsible Investor Handbook' Shows How Union Members’ Pension Plans Create Jobs
This week, the AFL-CIO Executive Council received a new publication, The Responsible Investor Handbook: Mobilizing Workers’ Capital for a Sustainable World. Authored by Thomas Croft and Annie Malhotra of Heartland...