The Magazine of Corporate Responsibility

Tag Archive for ‘Tim Smith’

Target, Best Buy Investors Seek Review of Political Contributions

Three leading sustainability investment firms filed shareholder resolutions at Target and Best Buy seeking to have independent directors review the companies’ political spending practices and policies. Target and Best Buy have been under fire for contributions made to an organization that backs a Minnesota gubernatorial candidate who opposes gay marriage.

Verbatim: How Businesses View Sustainability & CSR Reporting

Investment firm Walden Asset Management recently researched and compiled quotes from sustainability and corporate responsibility reports by several dozen companies in a wide range of industries. The exercise showed, says a Walden executive, that attention to such issues has become vitally important for a company’s business, and that transparent reporting is, as one CEO said, one of “the prices of doing business today.”

Activist Investors Claim Record Results on Climate Change

Investors filed a record 101 climate and energy-related resolutions with 88 U.S. and Canadian companies in 2010, a 50% increase from the year-earlier, according to activist shareholder organizations. A record 51 resolutions were withdrawn after the companies agreed to climate change and energy-related commitments.

Intel’s Annual Meeting: What Would Gordon Gekko Say?

In May 2010, Intel will become the first publicly-held U.S. company to hold a “virtual shareholder meeting” to the exclusion of an in-person gathering. While the plan may have advantages – including no cost to attend, and “increased transparency” with more shareholders able to attend – activist investors say Intel’s move would set a “negative precedent” for other companies.