RESPONSIBLE WEALTH AND SHAREHOLDER ACTIVISM
Shareholder actions are a vital tool in raising awareness about the need for corporations to take into account the needs of shareholders and consider the company's larger role as a corporate citizen.
Since 1998, Responsible Wealth members have filed over 100 shareholder resolutions seeking to affect corporate behavior on a number of topics, including:
- Excessive CEO pay
- Race and gender discrimination in lending
- Gender discrimination in pay
- Living wages
- Holding a physical (vs. virtual) annual meeting
- The right of shareholders to vote on CEO compensation (“Say on Pay”)
- Public disclosure of political donations
How does it work?
To file or co-file a shareholder resolution, a stockholder must have owned a minimum (usually $2,000 worth) of the company's stock continuously for at least one year. In addition to filing resolutions, Responsible Wealth members also co-file resolutions that are filed by others and assign their proxies to allow others to represent them at annual meetings.
If you are interested in participating in Responsible Wealth's shareholder work, please contact Mike Lapham, Responsible Wealth Project Director at [email protected] or 617-423-2148 X112.
Historic Shareholder Resolutions Archive
Learn more about some of the corporate accountability campaigns run by United for a Fair Economy's Responsible Wealth Project.