Our policy is designed to reflect the fiduciary duty to vote proxies in favor of shareholder interests. In determining our vote, we will not subordinate the economic interest of the plan participants to any other entity or interested party.
Corporate governance directly impacts the lives of all working people. It impacts our working conditions, our salaries, our benefits, and our job security. The Office of Capital Strategies monitors companies by examining and researching corporate governance, executive pay, board of directors accountability, stock trends and financial performance.
Once a year, publicly held corporations hold shareholder meetings at which critical decisions shaping each company are decided. The Teamsters General Fund introduced shareholder resolutions addressing issues, such as; runaway executive pay and how boards of directors are elected.
General President Hoffa has written a number of letters to government and self-regulatory agencies expressing the union's interest in improving investor confidence and market stability by introducing real and substantive reforms to our nation's markets.
We've put together a list of informational and agency links as a convenience for plan trustees and others seeking more information on corporate governance issues.
