shareholder proposal · 2024
ICCR members and allied investors; the Stride proposal was filed by the Service Employees International Union Pension Plans Master Trust at 63 companies including Starbucks, Boeing and Stride
Increase disclosure of corporate political activity and strengthen board oversight of lobbying and campaign spending, including adoption of the CPA-Zicklin Model Code of Conduct for Corporate Political Spending and the Erb Principles for Corporate Political Responsibility.
What happened
Result: Of the 63 proposals, the outcomes named in ICCR's account are these: Starbucks and Boeing reached negotiated agreements and the proposals there were withdrawn, and the resolution at Stride came close to a majority. Stride's own filing certifies that vote as 17,857,527 for and 18,249,329 against, with 542,640 abstentions and 1,979,998 broker non-votes, which is 49.5% of the votes cast for and against. The outcomes at the remaining sixty companies are not stated in the source.
Starbucks and Boeing agreed to add detail to their lobbying reports, and the proposals at those two companies were withdrawn as a result. We found no stated outcome for the other companies in the slate.
Who is involved
- ICCR members and allied investors; the Stride proposal was filed by the Service Employees International Union Pension Plans Master Trust filer, not an organization we hold yet
- Starbucks Corporation company
- Boeing company
What this campaign is about
- Rules-based multilateral trading system Helpful · UN Sustainable Development Goals