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Shareholder season starts to wind down this week, with only five proposals at three meetings that we recommend you oppose.
The details, of course, are below.
Remember that you can vote your proxy at any time up until midnight of the night before the meeting.
Weekly Resolution Votes
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June 16, 2020

Vote AGAINST a pair of proposals at General Motors submitted by members of the AYS coalition. These proposals are ostensibly aimed at increasing the company’s protections for human rights and disclosures of lobbying activities. In fact, though, as their supporting statements themselves reveal, the real purpose of the provisions is to magnify union influence both within the business and in the broader political process, while curtailing management authority and throttling its efforts to preserve business-friendly policies nationwide.

Read more about AYS Coalition efforts to use “human rights” language to push leftwing political goals starting on page 33 of our Investor Value Voter Guide ([link removed]) (discussed in the context of a similar proposal at Facebook), and to drive business interests out of lobbying efforts starting on page 37.

Proposals Nos. 8 & 9 in General Motors’ Proxy Statement. ([link removed])
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June 18, 2020

Vote AGAINST a pair of proposals at Delta submitted by members of the AYS coalition. The first of these proposals (No. 5) is another of these proposals that would subordinate Delta’s corporate planning to the ill-considered and unachievable goals of the Paris climate accords. The second (No. 6) is a copy of one of the proposals raised at General Motors, which is designed to force businesses to abandon the electoral fields to the forces that are even now burning down American cities in the name of racial division and ending capitalism.

In case you missed it just above, read more about AYS Coalition efforts to drive business interests out of lobbying efforts starting on page 37 of our Investor Value Voter Guide ([link removed]) . Then follow it with a perusal (which we hope at this stage in the season is merely a brief refresher!) of our explanation of the fatal flaws of AYS Coalition climate policies, beginning at page 9.

Proposal No. 5 & 6 in Delta’s Proxy Statement. ([link removed])
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June 19, 2020

Vote AGAINST a proposal submitted by Nia Impact Capital that mistakes surface diversity for genuine viewpoint diversity in ways that would work to establish race- and sex-based quotas and exacerbate grievance on those grounds at precisely the time that we should be working together to treat everyone as an unique person worthy of individualized evaluation and respect.

Read more about FEP objections to AYS efforts to establish quotas and spread division along racial and sex-based lines in our Investor Value Voter Guide ([link removed]) , beginning at page 28.

Proposal No. 5 in Fortinet’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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