Alarming words from an SEC commissioner

March 28, 2014

Securities and Exchange Commissioner Daniel Gallagher recently decried the corporate time and energy spent responding to shareholder proposals. In addition to indicating his belief that political spending resolutions were superfluous, Commissioner Gallagher made it clear that he believed the SEC has a role in protecting corporations from shareholder resolutions on issues like climate change preparedness and environmental sustainability. United Church Funds holds its role as an active shareholder as fundamental to its socially responsible investing program, and will respond to this threat by coordinating with other like-minded investors.

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