Shareholder Resolutions

Upcoming in 2017

We have filed shareholder resolutions at 12 corporations across North America for presentations in 2017. We are currently in discussions with various executives at several companies regarding our proposals, so check back regularly for an update on our progress. In the meantime, here is our list:

Monsanto — in January we returned for our third straight year asking for accountability from the glyphosate empire. read more…

Coca-Cola — we submitted a proposal asking for Coke’s Board of Directors to form a Committee on Sustainability. We have had success with this proposal at numerous companies in the past, and we hoped this Board will see it’s their turn to take on sustainability issues at the highest level. read more…

Wells Fargo — after yet another egregious breach of ethics at this Big Bank involving allegations many customers were subscribed to services or accounts they had not requested, we asked Wells Fargo to produce a report explaining the true risk and depth of their incentive-based compensation practices for their lower-level employees. read more…

Citigroup — another Big Bank warranting a big ask. In this era of unprecedented bank fines combined with a complete lack of accepted responsibility by anyone involved and a bunch of promises nothing bad will happen again, we have proposed Citi executives enter a covenant wherein they will be personally responsible for paying some of the fines if (when) things go haywire again. read more…

Bank of Nova Scotia — HII was shocked to learn the Bank of Nova Scotia (BNS) was identified in an article online as one of the financial institutions participating in funding the Dakota Access Pipeline (DAPL). After receiving no response from the Bank when we sent a letter asking for clarification on their involvement, we then submitted a resolution calling for the Board to create a Committee on Human Rights. read more…

Bank of America — similar to Wells Fargo, the Bank of America has been fined hundreds of millions of dollars for deception. And like Wells Fargo, the executives seem to put heavy pressure on “rank and file” employees. Our resolution asks for an honest report on how compensation and incentive policies create systemic risk in the company. read more…

PepsiCo — for the third year in a row, we asked PepsiCo’s Board to create a separate committee on sustainability to oversee their haphazard and disconnected bundle of policies and procedures related to their “Purpose.” read more…

Alaska Air — Alaska Air took a cheap-shot at its shareholders in 2016 when, instead of meeting shareholders face-to-face on some controversial issues, the Board and Executives just closed their doors and held a “virtual” meeting. We co-filed a resolution asking them to put a stop to not having the professionalism to meet their owners annually. read more…

Anthem — formerly known as Blue Cross, Anthem is a private health-care corporation spending millions and millions of dollars lobbying congress and supporting the endeavors of career politicians. To what end?  We co-filed a resolution at Anthem asking for full-disclosure of it’s lobbying expenses. read more…

JPMorgan Chase — like Citigroup, JPM is a kingdom of horrible legal compliance, billions of dollars in fines – and no accountability. The resolution we filed this year asked the executives and directors to take a part of the hit, instead of all the shareholders paying the full brunt of the fines for bad behavior, by signing a formal covenant sharing fines and penalties with the shareholders. read more…

Goldman Sachs — a.k.a. “GOLD” and “Government Golden” is filled with very smart people who can make things go very wrong for the average investor (i.e. creating and selling the toxic securities which brought the US banking system to its knees in 2008).  In a very novel shareholder resolution filed this year, HII asked for a report which will push Goldman to clarify to whom they believe they are accountable by clarifying which investors their securities filings are directed toward. read more…

McDonald’s — for several years HII has asked McDonald’s for a series of reports related to fast-food and obesity, sustainability, and even how the company spends profits on political contributions which contradict their professed “values.” With efforts spearheaded by Corporate Accountability International (CAI), this year we asked the company to visit and report on the incongruencies between their “charitable giving” and their PR/propaganda. read more…

Alaska Air Group 2017

HII co-filed a shareholder resolution introduced by an individual shareholder, Steve Nieman, a colleague of one of our friends, John Chevedden, who for years, has sponsored many good governance resolutions in an attempt to improve corporate conduct, including...

PepsiCo 2017

For the third year we have introduced a resolution requesting PepsiCo (PEP) to create a board committee on sustainability. As has been discussed above, many corporations have institutionalized a policy of signing voluntary agreements, policies, and codes to reduce or...

Bank of America 2017

One of the first shareholder meetings I attended in the early 1970s was Bank of America (BAC), then led by A.W. Clausen, who in responding to my question about the bank’s loan to the South African government, said that BAC would make loans to “any credit worthy...

Bank of Nova Scotia 2017

HII, which holds stock in the Bank of Nova Scotia (Scotiabank)(BNS), was shocked to find a report on the Internet by Food and Water Watch identifying the bank as one of 38 large banks and financial institutions participating in a $2.5 billion dollar consortium loan to...

Citigroup 2017

Ever since the beginning of the financial crisis and Great Recession, we have consistently raised ethical and corporate governance issues with Citigroup (C). Citigroup, since 2010, has paid over $15 billion in penalties for everything from toxic security abuses to...