Posts Tagged ‘lobbying’

Updated Statistics on Political Activity Shareholder Proposal Voting Results

April 24, 2015

A recent opinion piece in The Wall Street Journal asserted that no shareholder proposal on a social or environmental issue has earned a majority vote, presumably counting in this tally those about corporate political activity. This is simply not accurate.

In the last five years alone, 10 proposals about political activity actually have earned support from more than 50 percent of the shares cast for and against; eight of of these votes occurred in 2013 and 2014. Results from the 2015 proxy season are not yet available, but right now investors are set to vote on 68 more proposals–and have already done so at three companies (giving lobbying disclosure proposals 24.5 percent at Monsanto and 39.8 percent at Emerson Electric–and 30.4 percent to a long-running resolution about political spending oversight and disclosure at Emerson).

Attached is a table showing where these votes occurred, as well as –and quite a few more that earned more than 40 percent support. In all, 51 separate votes on these issues since 2010 have garnered support from more than 40 percent of the shares cast.

High Corporate Political Activity Votes, 2010-2014

May 25 is ExxonMobil and Chevron’s meeting day

May 20, 2011

Investors at ExxonMobil and Chevron will consider the usual broad range of shareholder proposals on social and environmental issues, voting on seven resolutions at each company. Si2 has prepared reports on all the proposals, available here:

Chevron:

2011 Si2 Special Report – Chevron – Sustainability

  • Proposal 5 – 2011 SI2 Action Report – Chevron – Environment (Board Oversight)
  • Proposal 6 – 2011 SI2 Action Report – Chevron – Human Rights (Board Oversight)
  • Proposal 7 – 2011 SI2 Action Report – Chevron – Sustainability (Pay Links)
  • Proposal 8 – 2011 SI2 Action Report – Chevron – Human Rights (Country Selection)
  • Proposal 9 – 2011 SI2 Action Report – Chevron – Environment – Climate Change
  • Proposal 10 – 2011 SI2 Action Report – Chevron – Environment (Hydraulic Fracturing)

    ExxonMobil:

    2011 Si2 Special Report – ExxonMobil Environmental Policies

  • Proposal 6 – 2011 SI2 Action Report – ExxonMobil – Corporate Political Activity
  • Proposal 7 – 2011 SI2 Action Report – ExxonMobil – Diversity (LGBT Rights)
  • Proposal 8 – 2011 SI2 Action Report – ExxonMobil – Human Rights (Water)
  • Proposal 9 – 2011 SI2 Action Report – ExxonMobil – Natural Resource Mgt (Oil Sands)
  • Proposal 10 – 2011 SI2 Action Report – ExxonMobil – Natural Resources Mgt (Hydraulic Fracturing)
  • Proposals 11 & 12 – 2011 Si2 Action Report – ExxonMobil – Climate Change