What shareholder proposals are filed by the New York City Pension Funds?

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NYCTaxpayer

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Posted 8 years ago

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Official Response
The New York City Pension Funds have long been leaders in advancing corporate governance and responsibility reforms at portfolio companies through the filing of shareholder proposals. Through both constructive dialogue and board responsiveness to majority votes, these shareholder proposals have produced meaningful reforms at numerous portfolio companies on a wide range of governance, social and environmental practices.

Current priorities for their shareholder proposal programs include:
• Making boards of directors more accountable, including for oversight failures that contributed to the ongoing foreclosure crisis
• Reining in excessive executive pay and eliminating egregious pay practices
• Requiring disclosure of corporate political spending
• Addressing risks related to environmental, labor and human rights practices
• Prohibiting workplace discrimination based on sexual orientation and gender identify