Friends Fiduciary seeks shareholder support for its political spending proposal at DaVita Inc.May 18, 2021
As part of FFC’s robust shareholder engagement with companies about issues of concerns to Quakers, Friends Fiduciary filed a shareholder proposal with DaVita on Political Spending. In a letter to shareholders, FFC explains our concerns and the rationale for supporting the proposal at DaVita. 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 service, ISS, recommended support for the proposal. Here is their analysis.