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** Weekly Resolution Votes
We have listed the proposals and our recommendations.
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May 20, 2020
Vote AGAINST the Sisters of St. Dominic of Caldwell New Jersey proposal, which while enjoying a high-toned title, would in fact serve, as usual, to inject the As You Sow (AYS) coalition's incessant obsession with irrelevant race- and sex-based metrics into otherwise race- and sex-neutral business activities, while also forcing Northrop Grumman to conform its international business activities to the often ill-considered private foreign policy of coalition members.
Proposal 4 on Northrop Grumman’s Proxy Statement. ([link removed])
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May 20, 2020
Vote AGAINST the BNP Paribas Asset Management proposal to tie United Airlines' business, and its profitability, to the U.N. Paris Climate Accord goals, which are both poorly constructed and objectively unobtainable, and in no case would achieve the goals ascribed to them. The COVID-19 pandemic has shown us the fatal flaws of even relatively simple scientific forecasting models, especially when they are contrived with an eye toward political outcomes. The Paris Climate goals are just as politically tainted, and vastly more complicated and unreliable. This financially devastating time, when airlines would fail but for government bailouts, presents the worst possible moment to tie company behavior and performance to such flawed metrics.
Read more about FEP’s objections to these ostensibly climate-related proposals starting on page 10 of our Investor Value Voter Guide ([link removed]) .
Proposal 6 on United Airlines’ Proxy Statement. ([link removed])
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May 21, 2020
Vote AGAINST the proposal from the Trio Foundation and As You Sow’s proposal calling on BlackRock to officially alter its business model to pledge loyalty and fiduciary obligations to a left-wing stakeholder model rather than its current obligation to maximize shareholder value. It should be noted that BlackRock brought this proposal on itself when its CEO Larry Fink recently embraced the concept of a stakeholder model.
Read more about FEP’s objections to As You Sow’s push for a so-called “stakeholder” business model starting on page 42 of our Investor Value Voter Guide ([link removed]) .
Proposal 4 on BlackRock’s Proxy Statement ([link removed])
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In response to the liberal left’s outsized influence over corporate proxy ballot matters, the Free Enterprise Project (FEP) has debuted its first annual Investor Value Voter Guide ([link removed]) to educate investors who want to vote in line with conservative and religious values.
The Free Enterprise Project (FEP) is the liberty movement's only full-service shareholder and activism group that is effective in pushing corporate America back to neutral and out of the culture wars. Donations are tax-deductible and greatly appreciated.
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