Friends Fiduciary seeks shareholder support for its lobbying proposal at Charles SchwabApril 9, 2021
As part of FFC’s robust shareholder engagement with companies about issues of concerns to Quakers, Friends Fiduciary filed a shareholder proposal with Charles Schwab on lobbying transparency. In a letter to shareholders, FFC explains our concerns and the rationale for supporting the 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 our concerns and the business case in support of our proposal.
The institutional proxy services – ISS and Glass Lewis – both recommended support for the proposal. Here is their analysis.