DACRI Shareholder Season 2004-2005
In 2004-2005, shareholder activities by DACRI members included resolutions and dialogues with 20 companies on 10 social justice issues.
Abbott Laboratories: The resolution called for a review of the economic effects of the HIV/AIDS, tuberculosis and malaria pandemics on the company's business strategy. Vote: 6.9%
Alliant Techsystems, Inc. : The resolution asked that the company review and if necessary amend and amplify its code of conduct and statements of ethical criteria for military production-related contract bids, awards and contract execution. Vote 5.7%
Boeing Company: Same resolution as Alliant. Vote 7.69%
Bristol-Myers Squibb: Same resolution as Abbott. Vote 7.41%
Caterpillar Company: A dialogue is in process with Caterpillar regarding human rights issues.
Caterpillar Company: The same resolution as Abbott was filed with Caterpillar. Vote 7.41%
Chevron Texaco: A resolution was filed requesting the company to adopt a human rights policy based on International Labor Organization policies. This policy was withdrawn after dialogue between shareholders and the company.
Coca-Cola Company: A group of shareholders is in dialogue with Coca-cola, requesting them to revise their code of conduct to include international human rights provisions.
Disney: This resolution requested that the company prepare a report on the impact on adolescents from exposure to smoking in movies. This resolution was contested by the company and the SEC ruled in favor of the company.
Exxon Mobil: Same resolution as Chevron Texaco; also withdrawn after dialogue.
General Electric: A resolution was filed called for disclosure of the costs of delaying cleanup of toxic waste sites. Vote: 7.91%
General Motors: This resolution called for full disclosure of all pertinent information relative to climate change issues. Vote 5.61%
Kohl’s Corporation: A group is in dialogue with Kohl’s on a variety of vendor standard issues including monitoring and compliance of factories with Kohl’s policies.
Lilly (Eli): This resolution requested full disclosure of all contributions made for political purposes. Vote: 6.49%
Lockheed Martin: Same resolution as Alliant. Vote 4.22%
Morgan Stanley Dean Witter: The resolution called for a limit on CEO compensation to no more than 100 times that of a non-managerial worker unless an increase is approved by a vote of the shareholders. Vote 14.75%
Pfizer: Same resolution as Abbott. This resolution was withdrawn following dialogue.
Raytheon: Same resolution as Alliant. This resolution was withdrawn following dialogue.
Sears Holding Company: A dialogue is in its final stages with Sears Holding Company regarding a revision of its buying policy to reflect international labor standards, improved monitoring and compliance of its supply factories.
United Technologies: Same resolution as Morgan Stanley. Vote 4.91%
Wal-mart Stores: This resolution requested that the company prepare a report on its current policies and practices related to social, environmental and economic sustainability. Vote 16.16%
* A shareholder resolution must receive at least 3% of the vote in the first year in order to be re-filed for a second year; 6% of the vote in the second year in order to be re-filed for a third year; 10% of the vote in the third year in order to be re-filed in successive years. While the percentage of votes may not appear high, one must take into account that corporate executives, members of the board of directors or investment firms own the majority of shares of companies
Abbott Laboratories: The resolution called for a review of the economic effects of the HIV/AIDS, tuberculosis and malaria pandemics on the company's business strategy. Vote: 6.9%
Alliant Techsystems, Inc. : The resolution asked that the company review and if necessary amend and amplify its code of conduct and statements of ethical criteria for military production-related contract bids, awards and contract execution. Vote 5.7%
Boeing Company: Same resolution as Alliant. Vote 7.69%
Bristol-Myers Squibb: Same resolution as Abbott. Vote 7.41%
Caterpillar Company: A dialogue is in process with Caterpillar regarding human rights issues.
Caterpillar Company: The same resolution as Abbott was filed with Caterpillar. Vote 7.41%
Chevron Texaco: A resolution was filed requesting the company to adopt a human rights policy based on International Labor Organization policies. This policy was withdrawn after dialogue between shareholders and the company.
Coca-Cola Company: A group of shareholders is in dialogue with Coca-cola, requesting them to revise their code of conduct to include international human rights provisions.
Disney: This resolution requested that the company prepare a report on the impact on adolescents from exposure to smoking in movies. This resolution was contested by the company and the SEC ruled in favor of the company.
Exxon Mobil: Same resolution as Chevron Texaco; also withdrawn after dialogue.
General Electric: A resolution was filed called for disclosure of the costs of delaying cleanup of toxic waste sites. Vote: 7.91%
General Motors: This resolution called for full disclosure of all pertinent information relative to climate change issues. Vote 5.61%
Kohl’s Corporation: A group is in dialogue with Kohl’s on a variety of vendor standard issues including monitoring and compliance of factories with Kohl’s policies.
Lilly (Eli): This resolution requested full disclosure of all contributions made for political purposes. Vote: 6.49%
Lockheed Martin: Same resolution as Alliant. Vote 4.22%
Morgan Stanley Dean Witter: The resolution called for a limit on CEO compensation to no more than 100 times that of a non-managerial worker unless an increase is approved by a vote of the shareholders. Vote 14.75%
Pfizer: Same resolution as Abbott. This resolution was withdrawn following dialogue.
Raytheon: Same resolution as Alliant. This resolution was withdrawn following dialogue.
Sears Holding Company: A dialogue is in its final stages with Sears Holding Company regarding a revision of its buying policy to reflect international labor standards, improved monitoring and compliance of its supply factories.
United Technologies: Same resolution as Morgan Stanley. Vote 4.91%
Wal-mart Stores: This resolution requested that the company prepare a report on its current policies and practices related to social, environmental and economic sustainability. Vote 16.16%
* A shareholder resolution must receive at least 3% of the vote in the first year in order to be re-filed for a second year; 6% of the vote in the second year in order to be re-filed for a third year; 10% of the vote in the third year in order to be re-filed in successive years. While the percentage of votes may not appear high, one must take into account that corporate executives, members of the board of directors or investment firms own the majority of shares of companies
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