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Article

13 Jan 2019

Author:
SunTrust shareholders

Shareholder resolution filed at SunTrust Banks

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[S]hareholders of SunTrust Banks, Inc... urge the Board of Directors to establish a Board Committee on Human Rights, to create company policies and review existing policies, above and beyond matters of legal compliance, on the human rights of individuals in the US and worldwide, including adopting and assessing criteria for evaluating potential clients’ corporate social responsibility record and human rights performance... SunTrust is reportedly a source of funding for MVM, Inc. and Comprehensive Health Services, which are directly contracted to U.S. government agencies carrying out the “zero tolerance” immigration policies that have led to family separations and child detentions... SunTrust has had the following financial relationships with CoreCivic and GEO Group, corporations which operate private prisons... Establishing a separate Board Committee on Human Rights would elevate board level oversight and governance regarding human rights issues implicated by the company's activities and policies and provide a vehicle to fulfill the Board’s fiduciary responsibilities for oversight of these issues.

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