Three Levels Of Scrutiny Help Assure You're in Good Company.
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The Sierra Club Stock Fund invests in environmentally and socially conscious companies, but we also use Investor Activism to help improve those companies' business practices and corporate governance. Please click on the topic below to learn how we use our proxy voting rights to accomplish our objectives.
Overview
Each year, publicly traded corporations hold annual meetings to provide shareholders with updates on the performance of the company. At these meetings a variety of issues may be placed before the shareholders for their votes. These issues might include the election of boards of directors, issues that affect the company's capitalization (such as mergers, acquisitions, and stock splits) or revised company policies and procedures. If a shareholder cannot attend the meeting to vote in person, she can cast her votes through a proxy. Mutual fund managers vote the shares held in their investment portfolios on behalf of all the investors in the fund.
Shareholders have the following rights: 1) to review and analyze any proposed or effective policies and 2) to work with a company to encourage changes in
corporate behavior. The Sierra Club Stock Fund holds corporations accountable for their actions and encourage increasing disclosure beyond the minimum required by the various regulatory agencies. Whenever possible, the fund will systematically cast their proxy votes in accordance with known investment guidelines, and support other shareholders when they advance resolutions aimed at increasing corporate accountability.
In addition to the Proxy Voting Guidelines that we have listed below, you can also review a list of the specific guidelines that we have developed by selecting
Management Proposed Resolutions or
Shareholder Proposed
Resolutions. To review how we've cast our votes in the recent proxy season, please see our
Voting History.
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