Published by Compliance Intelligence. Apr 21, 2014 – – Peter Rawlings The Securities and Exchange Commission has rejected a request for no-action relief that would have allowed the trust for a JPMorgan Chase municipal money market fund to exclude a shareholder’s proposal from the proxy materials for its next shareholder […]
Author Archives: Eric Cohen
Sudan proxy war hits Wall Street roadblock
Published by Financial Times. By Joe Morris Shaken by evidence of human rights abuses in Sudan, US pensions and endowments began divesting from companies linked to the government years ago, but financial companies and mutual funds almost uniformly still cling to shares. Pressure groups point to four oil companies – […]
Franklin Can’t Keep Anti-Genocide Prop Off Ballot
Published by Ignites. January 10, 2014 The Securities and Exchange Commission has denied Franklin Resources’ request to skip a shareholder vote on divesting from shares of companies linked to genocide, Reuters reports. The proxy proposal, which calls on Franklin’s board to adopt procedures for screening out such companies, involves a […]
SEC rules Franklin Resources may not omit genocide-related proposal from proxy
Despite company’s effort to suppress vote, shareholders will be heard on genocide-free investing JANUARY 9, 2014 – Today, the Securities and Exchange Commission made public a rejection of the attempt by Franklin Resources, parent company of Franklin Templeton mutual funds, to suppress a genocide-free investing shareholder proposal from its proxy […]
U.S. SEC nudges Franklin Resources toward vote on Sudan holdings
Published by Reuters. BY ROSS KERBER BOSTON Thu Jan 9, 2014 6:11pm EST Jan 9 (Reuters) – U.S. regulators rejected a request by investment firm Franklin Resources Inc to skip a shareholder vote pressuring it to sell off holdings in companies linked to Sudan, whose president faces international war crimes charges. […]
Shareholders to ING: stop investing in genocidal Sudan
Published by The Guardian. Marc Gunther theguardian.com, Tuesday 20 August 2013 14.00 EDT Despite a proxy vote, ING mutual fund hasn’t sold its holdings in companies involved in Sudan, writes Marc Gunther Investors of an ING-managed mutual fund have asked the firm to withdraw its holdings in companies that do […]
Institutional Investors Ask ING U.S. to Heed Results of Anti-genocide Proxy Vote
Serious concerns about ING disregarding the vote and taking no action Boston, MA – August 7, 2013 – On the day that ING U.S. releases its quarterly earnings report, a diverse coalition of institutional investors and corporate governance advocates are calling on the company to reconsider a recent decision to […]
ING letter
ING response to shareholders Shareholders at the ING Emerging Countries Fund approved the genocide-free investing proposal by a wide margin in a vote on June 28, 2012. The proposal passed 59.8% to 10.7% with 29.5% abstaining. This decisive win at ING is a first for the genocide-free investing proposal and affirms […]
Genocide-Free Shareowner Proposal Gains Strong Support at Fidelity Investments
Published by Social Funds. by Robert Kropp Investors Against Genocide continues its campaign to pressure mutual funds and other financial institutions into adopting genocide-free investment policies. SocialFunds.com — Shareowners of six of the mutual funds of Fidelity Investments voted their proxies this week, and for the third time since 2008 […]
Millions of Fidelity Customers Continue to Vote in Support of Genocide-free Investing
Although “repulsed” by genocide, after 5 years of votes Fidelity still invests in companies tied to genocide Boston, MA – June 18, 2013 – Today, six mutual funds recorded votes at Fidelity’s shareholder meeting on a proposal to avoid investments in companies that “substantially contribute to genocide.” These funds bring […]
