ICCR has published the Proxy Resolutions and Voting Guide annually since 1974. Our 2020 Proxy Resolutions and Voting Guide presents the 254 resolutions filed by ICCR members — whether as lead or co-filer — as of February 21, along with an additional 9 filings planned for the spring. You can view our live list of current resolutions here.
If you are an investor, we invite you to read our proposals and support those that you can by voting YES on your company's annual proxy ballot.
2020 Issue Trends
Our members filed 254 resolutions, up slightly from 250 resolutions this time last year. An additional 9 filings are planned for the spring.
This year saw a greater diversification and volume of human rights-related asks. Investors presented corporations with a large and diverse set of requests, including several proposals calling for the adoption of a human rights policy and human rights risk assessments, and for the appointment of board members with human rights expertise.
For the first time resolutions related to human rights and worker rights were the most numerous, at 52. They exceeded resolutions directly addressing climate change, which was the second most active issue with 45 resolutions. Lobbying and political spending saw 43 resolutions, and inclusiveness, 42. Corporate governance saw 27 filings, the environment and health 17 each, food 13 and water, 7.
This year also saw increasing use of the UNGPs as a framework for conducting human rights due diligence across a range of sectors, underscoring their mainstreaming in corporate engagements.
Investors also remained concerned about the growing impact of tech giants such as Google, Facebook and Amazon. ICCR members filed 9 proposals at Amazon – more than they sent to any other company this year. The Amazon resolutions featured requests related to climate change, food waste, diversity, lobbying, and product safety; more than half, though, focused on human rights, including hate speech. Investors also filed 7 with Alphabet (addressing such topics as child sexual exploitation, whistleblowers, government censorship, and the gender & racial pay gap) and 6 with Facebook (addressing for instance, human rights board oversight, and the need for an independent chair).
Negotiated Settlements with Corporations (Withdrawals)
When shareholders file a resolution, companies may reach out to the filers and request a dialogue to discuss aspects of the proposal. If an agreement between both parties is reached that satisfies the main requests of the proposal – such as issuing a report or amending a policy – filers may choose to voluntarily withdraw their resolution which will then will not appear on the company’s proxy statement.
Every year ICCR members negotiate dozens of these successful agreements. 2019 was a particularly strong year for the ICCR coalition, as we negotiated over 100 corporate commitments on a range of issues by the year's end.
2020 Successes: So far this year, ICCR members have withdrawn 73 resolutions in exchange for substantive agreements with companies, up slightly from what we saw a year ago. Examples include Carnival, Western Union, Chipotle, Nucor, Tyson, CVS, FirstCash, and EastGroup. Withdrawal negotiations will continue over the next few months.
Our members also filed on a number of new topics this year, including:
- Changing Company Management Systems to Implement the BRT’s Statement of Purpose
- Human Capital Management Disclosure
- Human Rights Risks Related to US Immigration Policy
- Impact of Plant Closures
- Including Non-Management Employees on the Board
- Offshore Drilling Impacts
- Rebooting Facebook to Address Mismanagement around Privacy and
- Reviewing Company Policies Relating to Involuntary Transportation