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Shareholder Activism

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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The Progressive Asset Management (PAM) Network serves as the socially responsible investment division of Financial West Group (FWG). Securities offered through and by Registered Representatives of
Financial West Group, member NASD, SIPC.
© 2006, Richard W. Torgerson