302 Religious/Social Investor Proxy Resolutions
Slated for 2008
The Environment, Corporate Governance and Health Care Are Key
NEW YORK, N.Y.///January 15, 2008///Religious and other concerned investors have filed 313 shareholder resolutions with 208 companies throughout the United States and Canada, according to the 2008 edition of the "Proxy Resolutions Book" published by the 275-member organization Interfaith Center on Corporate Responsibility (ICCR). The annual guide from ICCR is the most comprehensive guide to socially responsible shareholder resolutions sponsored by religious and other concerned investors published in the U.S.
As of press time, 20 of these resolutions have been withdrawn, the majority in response to agreements reached between companies and shareholders. Among the issues of greatest concern to socially responsible investors this year are the environment, CEO pay, and access to health care. The statistics break down as follows: 76 resolutions were filed on the topic of the environment, 53 on corporate governance, 46 on health care, 32 on human rights and worker rights, 32 on workplace inclusiveness and sexual orientation non-discrimination, 24 on political contributions, 18 on corporate sustainability, 10 on militarization and violence in society, and lastly, 5 on capital and finance. Religious institutions filed 160 of these resolutions at 111 companies.
Interfaith Center for Corporate Responsibility Executive Director Laura Berry said: "ICCR members are at the forefront of the social and environmental shareholder movement. The resolutions collected in the latest edition of ICCR's 'Proxy Resolutions Book' show the depth and breadth of the hard work that goes into our communication with companies. Our members are also leading dialogues with companies in order to assist them in implementing socially and environmentally responsible policies and initiatives."
ICCR's "Proxy Resolutions Book" for 2008 is available for purchase for $45 on the ICCR web site at http://www.iccr.org/publications. The ICCR volume contains the full text of resolutions filed this year, along with an index of companies and filers. The guide is typically used by individual investors or institutions that are responsible for proxy voting. Organizations using the ICCR volume include religious orders, asset management companies, and other groups focused on socially and environmentally responsible agendas.
Berry added: "The 2008 'Proxy ResolutionsBook' is an indispensable resource for individuals with proxy voting responsibility who recognize the importance of paying attention to the rising voice of religious and other concerned shareholders. We find that more and more, investors look to religious shareholder activists for indications of the emerging problem areas that corporations will need to address in the coming years."
The full list of religious and ethical shareholder resolutions is available in the 2008 Proxy Book.