21. Shareholder resolutions, usually submitted on controversial political or environmental issues, are almost always opposed by management, and they almost always lose by huge margins. 22. Some firms file shareholder resolutions at companies whose stocks they own. 23. Such advice is a novelty at Nucor, which had never received a shareholder resolution until it got one from TIAA-CREF. 24. That interpretation set a precedent that put proposals relating to nondiscriminatory hiring or equal employment out of the reach shareholder resolutions. 25. The board plans to oppose another shareholder resolution on the agenda, one calling for term limits for directors. 26. The coalition decided to take out a full page ad in The New York Times urging support for its shareholder resolution. 27. The company said all other shareholder resolutions were defeated. 28. The managers of these mutual funds have the power to vote their shares in favor of shareholder resolutions. 29. The shareholder resolution also is supported by the Rainforest Action Network and Progressive Asset Management, a brokerage firm. 30. The teamsters provided the Times with an advance copy of the shareholder resolution and a letter from GE confirming that it would appear in the proxy statement. |
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