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An
Able Shareholder Advocate to Support Your
Beliefs
Not
many investment advisors have their work enshrined
at the Smithsonian Institution. In 1997,
Progressive Asset Management filed the shareholder
resolution challenging the Walt Disney Company to
improve their supplier's labor practices. After the
publicity surrounding this resolution, and the 39
million shares voting support for the resolution,
Disney posted a contractor code of conduct and
pledged to authorize audits and inspections of all
their disparate contracted suppliers. Our effort
was recognized
as a major step forward in the Smithsonian's
permanent exhibit Sweatshops
In America.
Since
then, PAM has helped clients file or co-file many
different resolutions on a wide range of social
issues before many different companies. For those
who just want to make sure they support social
issue shareholder resolutions as they arise in
their portfolio holdings, PAM offers our
Shareholder Alert Service, which alerts
clients to significant proxy issues they can vote
on as shareowners.
Shareholder
advocacy is a key tool investors may use to
influence corporate decision-making at the highest
levels. PAM is committed to continuing to
supporting your clients in their shareholder
advocacy efforts.
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