Shareholder Commons Launches New Proposal Initiative

By Randi Morrison posted 11-09-2020 08:15 PM

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The Shareholder Commons (TSC), an independent nonprofit, launched a shareholder proposal initiative focused on companies' accounting for and disclosing social and environmental impact costs either via their conversion to a public benefit corporation or disclosure of externalized social and environmental costs and the associated impact on diverse shareholder portfolios. The two forms of proposals and initial proposal targets are described and identified here. This deck further elaborates on the concept and the forms of proposals, as well as the anticipated no-action challenges and rebuttals. Asset managers that don't support the proposals should expect to be accused by TSC of misalignment of their positions. The organization is seeking additional asset owners and shareholder activists to sponsor the proposals.

This post first appeared in the weekly Society Alert!

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