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On June 2nd, Home Depot shareholders will vote on a shareholder resolution brought by NorthStar Asset Management, Inc, a Boston-based socially responsible investment firm, to allow shareholders a say on political contributions made by their company, a direct response to the 2010 Citizens United ruling by the United States Supreme Court.
Home Depot has released their annual proxy including a resolution calling for a shareholder vote requesting that political contributions reflect Home Depot’s stated corporate values. The resolution, filed by NorthStar Asset Management, Inc. of Boston, was filed in the aftermath of Citizens United v. Federal Election Commission, the controversial Supreme Court decision in January of 2010 that removed prohibitions on corporate electioneering contributions.
After seven months of dialogue with FedEx Corporation, NorthStar Asset Management, Inc. is pleased to report that FedEx has committed to extending health benefits to domestic partners of lesbian, gay, bisexual, and transgender (LGBT) employees in every state. Prompted by a discrepancy between FedEx’s comprehensive non-discrimination policy and the Company’s benefits packages, NorthStar filed a shareholder resolution with FedEx in April of this year asking that equal benefits be extended to partners and families of LGBT senior executives.
NorthStar Asset Management, Inc., a socially responsible investment firm, is pleased to announce successful negotiations with PepsiCo, worldwide food and beverage manufacturer, of an official PepsiCo policy in support of the human right to water. PepsiCo is the first publicly traded, multinational corporation to create such a policy.