@SOCInvGrp

Voice for corporate accountability, enhancing long-term shareholder returns through active ownership, working w. union affiliated pension funds w $250+ bn AUM.

 Washington, DC
socinvestmentgroup.com
Joined September 2011
  • Tweets4.1K
  • Following622
  • Followers1.2K
392Media
The comment period is now open for ISS' proposed 2025 Benchmark Policy Changes. There are some proposed changes to compensation analysis. #CorpGov insights.issgovernance.com/p…
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Since the SEC settled with $TSLA over securities fraud in 2018, investors’ support for directors Kimbal Musk and James Murdoch has been far below average; shareholders are tired of directors who appear to prioritize management’s whims above investor interests. #CorpGov
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The report authored by Vedder Price regarding Maximus' freedom of association audit reveals a deeply flawed process. #LaborRights #Maximus Read our critique of the report here: static1.squarespace.com/stat…
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Bank of America must take further action to protect junior employees from dangerous overwork practices. #CorpGov #LaborRights #BankOfAmerica $BAC wsj.com/finance/bank-of-amer…

Exclusive | Bank of America Urges Bankers to Sound Alarm on Overwork After WSJ Investigation

The Wall Street Journal reported earlier this week that bank policies to prevent overwork are often ignored.

wsj.com
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Elon Musk’s statements may violate federal labor laws, further highlighting the need for #Tesla to adopt a policy respecting workers’ rights to freedom of association and collective bargaining, as we asked for this past spring. #CorpGov #LaborRights $TSLA wsj.com/business/autos/donal…

UAW Files Federal Labor Charges Against Trump and Musk for Threatening Workers

One of the country’s largest unions alleged both men attempted to intimidate workers during their conversation on X.

wsj.com
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A useful summary of shareholder support for 14a-8 proposals during the 2024 Proxy Season. #CorpGov
Harvard Law School Program on Corporate Governance
@HarvardCorpGov5 Aug 2024
Posted: Summary of Shareholder Voting on Rule 14a-8 Proposals, corpgov.law.harvard.edu/2024… #corpgov

Summary of Shareholder Voting on Rule 14a-8 Proposals

This summary is focused on 14a-8 proposals that were voted on by shareholders during the 2023-2024 season. We refer to the accompanying charts which have the supporting detail for what follows. As...

corpgov.law.harvard.edu
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Posted: 2024 Proxy Season Review: Five takeaways, corpgov.law.harvard.edu/2024… #corpgov

2024 Proxy Season Review: Five takeaways

In 2024 companies secured strong support on key voting items despite increasing complexity. This year’s proxy season included a busier year for activism amid a demanding economic context, a recalib...

corpgov.law.harvard.edu
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Some interesting trends and takeaways from the 2024 Proxy Season. #CorpGov ey.com/content/dam/ey-unifie…
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The newly released Civil Rights Audit Standards will help businesses mitigate risks related to discriminatory practices, win the trust of stakeholders and advance their long-term sustainability. #CivilRightsAudit #CorpGov Read the Standards here: policylink.org/civil-rights-…
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If you are interested in further coverage of the Civil Rights Audit Standards launch, read more here: forbes.com/sites/oludolapoma…
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Social proposals at S&P 500 companies received an average of 18% support this proxy season. Our health and safety proposal at Chipotle received almost double that. #HealthAndSafety #LaborRights #CorpGov #Chipotle $CMG
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The UN Working Group on Business and Human Rights has released a new report on how states, investors and other actors can use ESG criteria to approach human rights issues. #HumanRights #CorpGov #ESG ohchr.org/sites/default/file…
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Posted: ESG Engagements in 2024, corpgov.law.harvard.edu/2024… #corpgov

ESG Engagements in 2024

Executive Summary Key trends to emerge from ESG engagements in 2023 and Q1 2024. As global regulators look to increase corporate ESG accountability, an increasing number of companies are identifying...

corpgov.law.harvard.edu
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Exxon's decision to pursue legal action against shareholders sets a dangerous precedent for shareholders' rights. Companies should refrain from interfering with investors' attempts to protect long-term value. #CorpGov wsj.com/articles/exxon-lawsu…

Exxon Lawsuit Against Activist Shareholders Thrown Out

A federal judge said he was prevented from weighing in on a heated battle between the oil giant and a sustainability-focused investment firm.

wsj.com
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Boeing used early retirement buyouts to reduce worker headcount, spurring an exodus of experienced workers. Now, the company has too many new and inexperienced workers to train quickly, while its planes are suffering severe quality issues. $BA #HCM #Boeing wsj.com/business/airlines/bo…

Boeing’s Urgent Mission: Training Thousands of Rookies to Safely Build an Airplane

An exodus of seasoned workers contributed to quality issues, prompting the jet maker to overhaul how it trains new hires.

wsj.com
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Shareholders should vote AGAINST the 2018 pay package today. "The 2018 pay package really did nothing to focus Elon Musk on Tesla. If anything, it unfortunately enabled him to pursue even more outside business opportunities." #Tesla #ExecPay #CorpGov $TSLA nytimes.com/2024/06/12/busin…

Tesla Investors to Decide if Musk Deserves $45 Billion Payday (Published 2024)

The vote is seen as a referendum on the limits of executive pay and the accountability of Silicon Valley billionaires.

nytimes.com
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At today's AGM, Tesla's major shareholders in Sweden, Denmark and Norway are looking to bring the issue of labor rights at the automaker to the fore. Vote FOR Proposal 9! Tesla #CorpGov #LaborRights $TSLA nytimes.com/2024/06/13/busin…

Tesla’s Nordic Shareholders Seek to Promote Workers’ Rights in Vote (Published 2024)

Tesla mechanics in Sweden have been striking for six months with little movement from their employer. Nordic shareholders hope to change that.

nytimes.com
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On Thursday, Tesla shareholders will have the opportunity to vote AGAINST the re-election of Directors K. Musk & Murdoch and ratification of the 2018 Option Award. #Tesla #ExecPay #CorpGov $TSLA Watch our webinar on why shareholders should vote AGAINST: socinvestmentgroup.com/inves…

Investor Briefing - Time for Change at Tesla: Vote Against Directors and 2018 Pay — SOC Investment...

socinvestmentgroup.com
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Citing concerns about "the total size of the award, the structure given performance triggers, dilution, and lack of mitigation of key person risk," Norges will be voting against ratification of CEO Musk's 2018 option award. #Tesla #ExecPay #CorpGov $TSLA bloomberg.com/news/articles/…

Musk’s $56 Billion Tesla Pay Deal Opposed by Norway Wealth Fund

Norway’s $1.7 trillion sovereign wealth fund said it would vote against the $56 billion pay package for Tesla Inc. Chief Executive Officer Elon Musk, adding to opposition for the carmaker ahead of...

bloomberg.com
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The diversion of Tesla's Nvidia processors to X and xAI is another example of CEO Musk reallocating Tesla's resources to his other businesses and the lack of oversight by Tesla's board. #CorpGov #ExecPay #Tesla $TSLA businessinsider.com/tesla-sh…

Some Tesla shareholders say diverting Nvidia chips is further proof that Elon Musk doesn't deserve...

Tesla shareholders say the Nvidia chip delivery delay is more proof that Elon Musk doesn't deserve his pay package.

businessinsider.com
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