Friends Fiduciary Seeks Shareholder Support For Its Lobbying Proposal at Charles Schwab

May 3, 2022

As part of FFC’s robust shareholder engagement with companies about issues of concern to Quakers, Friends Fiduciary filed a shareholder proposal with Charles Schwab seeking greater lobbying transparency. In a letter to shareholders, FFC explains our concerns and the rationale for supporting our proposal at Charles Schwab. The letter is called an exempt solicitation and is an important part of the shareholder resolution process and a means to communicate the concerns raised in and the business case in support of our proposal.

The institutional proxy service, ISS, has recommended support for the proposal. Here is their analysis.