This statement sets forth the guidelines of the International Brotherhood of Teamsters regarding the voting of proxies.
Our policy is designed to reflect the fiduciary duty to vote proxies in favor of shareholder interests. In determining our vote, we will not subordinate the economic interest of the plan participants to any other entity or interested party.
The International Brotherhood of Teamsters pension and health and welfare trusts hold more than $100 billion in assets. Trustees of these funds have a responsibility to monitor and act in the interest of advancing sound corporate governance and policies that build long-term value. It is, therefore, our responsibility to ensure that both the government and regulators are listening to our concerns. President James P.
For more than two decades Teamster affiliated benefit funds have been at the forefront in the fight for corporate governance and executive pay reforms. The Funds also promote policies that call for enhanced reporting of risks to sustainable investment on issues such as human rights and corporate political spending. Teamster Funds filed shareholder proposals at 19 companies voted on by investors this year on a range of topics.
We have provided a list of the proposals the International Brotherhood of Teamsters has submitted, so far, for the 2014 shareholder season. Updates will be available as the year progresses.
We have provided a list of the proposals the International Brotherhood of Teamsters has submitted for the 2013 shareholder season.
We have provided a list of the proposals the International Brotherhood of Teamsters has submitted for the 2012 shareholder season.
The following links have been provided for your convenience. Please note that the listing of a group’s website here does not imply an endorsement by the International Brotherhood of Teamsters of a linked site or its contents. The International Brotherhood of Teamsters is not responsible for any information provided on a linked site.