In November 2021, the SEC adopted final rules that will require parties in a contested corporate director election to use universal proxy cards for shareholder meetings held after August 31, 2022. Under the new rules, both the company and any shareholder seeking to elect a slate of director candidates at a shareholder meeting will be required to use proxy cards that include the names of all director nominees presented for election at the meeting.
Read moreConcealing Harassment and Discrimination Claims Hinders Diversity Efforts
In 2020, after George Floyd’s murder, we monitored many of the CEO statements and company pledges to support the Black Lives Matter movement and to increase their diversity, equity, and inclusion efforts. Now, in 2022, employees and investors want to see real progress on these pledges.
Read moreMandatory Human Rights and Environmental Due Diligence Is Good for Investors and Business
When done responsibly, business can be a driving force for prosperity and inclusive economic development. Yet, far too often, companies in many different sectors harm people and planet in their operations or value chains.
Read morePipeline Finance and Respect for Indigenous Rights
Oil is already flowing through the Enbridge Line 3 tar sands pipeline, a project that has been subject to several years of protest, litigation, and opposition led by Indigenous Peoples and Indigenous-led organizations.
Read moreTechnology Transfer Needed to End COVID-19 Vaccine Inequity
Oxfam and co-filers have filed shareholder proposals at Moderna and Pfizer asking the companies to study how they might transfer Covid-19 vaccine technology and know-how to manufacturers in low- and middle-income countries. The companies’ refusal to transfer mRNA technology is prolonging the Covid-19 pandemic.
Read moreData Transparency Key to Improving Diversity, Equity, and Inclusion in the Workplace
As the great resignation rages on and businesses struggle to retain top talent, shareholders argue that more transparency about diversity and inclusion data will help companies drive need advancements in social and racial equity. Some 65 shareholder proposals this year seek information on decent work, and another four dozen ask for workforce diversity data.
Read moreSecret Influence: Astroturfing Sways Public Policy
Lobbying by companies can provide governments with valuable insights and data for public policy making, yet only 8 percent of the world’s 1,000 largest companies report their spending on lobbying to investors.
Read moreMcDonald's Breaks Animal Welfare Pledge - Now Faces Board Battle
On February 20, 2022, McDonald’s confirmed that Carl Icahn nominated both Maisie Ganzler and me for the company’s board of directors in response to McDonald’s failure to meet a public pledge it made ten years ago to end the egregiously cruel and controversial practice of pig gestation crates by this year.
Read moreA Model Code for Companies to Govern Their Political Spending
As the 2022 proxy season unfolds, there’s good news and concerning news about companies and their political spending. Which wins out – greater control over political spending or a return to “business as usual” – will affect how companies fare as shareholders pay even closer attention to what they do with their political money and how it aligns with their values and positions.
Read moreChanging Corporate Attitudes on Racial Justice
After George Floyd’s murder in May 2020, stakeholders in public companies asked management and boards what they could do about racial injustice. Without any metrics to define best practices and separate leaders from laggards, there was no way to measure and therefore manage this critical social issue.
Read moreGrowing Support for Racial Justice Audits
Interfaith Center on Corporate Responsibility (ICCR) members have a long history of supporting calls for diversity and justice, including respect for the rights of Indigenous Peoples and addressing the negative impacts of policies and practices on communities of color.
Read moreMisalignment Between Company Reproductive Health Policies And Influence Spending
Reproductive rights are on the line this year as the U.S. Supreme Court considers a direct challenge to Roe v. Wade, the landmark decision protecting the right to access abortion without excessive government restriction. Should Roe be overturned or gravely weakened, as is widely anticipated, as many as 26 states are poised to ban abortion completely within their borders.
Read moreFinding the Balance Between Child Safety and Internet Privacy
Online child sexual exploitation is a global crisis that is growing at an exponential rate. Yet efforts to promote online child safety and privacy have met strong opposition from privacy and human rights proponents. Child safety and internet privacy do not have to conflict, even though advocates on each side seem to be at odds.
Read more