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Big Day @ Big Oil Thumbnail

Big Day @ Big Oil

Wow! Between the historic Dutch court ruling on Shell, and the Exxon and Chevron shareholder meetings, May 26th was a really big day for Big Oil. In addition to the ousted board members at Exxon, and an incredible 61% vote on cutting climate emissions at Chevron, Newground had 2 governance proposals on the Chevron proxy to address climate, rainforest pollution, and human rights.

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Unfair Voting at Amazon Thumbnail

Unfair Voting at Amazon

Amazon's proxy engages in Formula Swapping – it uses a favorable vote-counting formula for management's board election, but a more repressive formula to count shareholder proposals. This inconsistent treatment disproportionately benefits management while depressing the tally on shareholder items. This puts stockholders at risk, and reflects the faulty logic that a Company can divine voter intent.

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Press Release: General Electric Embraces Broader Disclosure of Political Spending – Dialogue Spurred by Shareholder Engagement Thumbnail

Press Release: General Electric Embraces Broader Disclosure of Political Spending – Dialogue Spurred by Shareholder Engagement

For the first time, GE has agreed to robust disclosure of payments made to trade associations and secretive “social welfare” organizations, also known as 501(c)(4) groups – payments that might be used for election-related purposes. Investor Voice filed a shareholder proposal in September that urged the company to embrace greater transparency by disclosing such payments.

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