WEB SITE PROVIDES HIGH-TECH FORUM FOR DISCUSSION OF CORPORATIONS’ ETHICAL RECORDS
Apr 26th, 1999 • Posted in: NewsNEW YORK
A new Web site allows investors to comment on the social policies of corporations — a high-tech alternative to picketing or protesting at shareholders’ meetings.
The new site, the Shareholder Activism Center, provides a forum for stockholders and the general public to discuss corporations’ records on dealing with tough ethical issues, the Associated Press reported.
The site’s topical categories include the environment, treatment of minorities, corporate governance and executive pay, and hiring and employment practices.
The new site was launched by the Interfaith Center of Corporate Responsibility, a New York-based alliance of roughly 200 religious institutional investors.
The Center last year petitioned the Securities and Exchange Commission (SEC) to ease restrictions on shareholder activism. The SEC agreed, amending regulations to permit shareholders wider latitude for raising and voting on “significant social policy matters,” according to the AP.
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