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Article

6 Sep 2001

Author:
Mark Thomsen, SocialFunds.com

Socially Responsible Shareowner Proposals Continue to Gain Support

The number of social issue proposals receiving at least 10 percent support in the 2001 proxy season outpaces that of recent years. Results are now in for the lion's share of the 140 social policy shareholder proposals that came to vote at U.S. corporate annual meetings this year through June 30. An analysis by the Investor Responsibility Research Center (IRRC) revealed that of the 136 social policy proposals where vote tallies are known, 36 received 10 percent or more support from voting shareowners. Last year, just 25 proposals out of 150 total received more than 10 percent support.