Corporate Governance

Mission: We challenge corporations to uphold financial, social and ethical standards through their governance structures, including board independence, diversity, and accountability.

In 2006-2007 NWCRI members were

• lead filers with Cisco Systems on Pay Disparity
  Supported by 12% of shareholders
• co-filers with Bed, Bath & Beyond on Board Diversity
  Withdrawn when board diversity was increased by one member
• co-filers with Home Depot on EEO Reporting
  Supported by 26% of shareholders
• co-filers with Pfizer on Executive Compensation
  Withdrawn when company agreed to join working group whose members are on record stating that the concept of shareholders having an Advisory Vote on Pay has real merit and that details need to be worked out on how to implement the concept.
• co-filers with Cisco Systems on Executive Compensation
  Annual meeting in November

Executive Compensation: “Say on Pay”
Concerned about excessive executive compensation, which sometimes appears to be inconsistent with the creation of shareholder value, this year a coalition of U.S. institutional investors including NWCRI and ICCR has filed shareholder resolutions with over 50 companies asking them to grant shareholders an advisory vote on exeucutive compensation packages. These “say-on-pay” resolutions have been supported by 37-49% of shareholders.

1216 NE 65th Street Seattle, WA 98115
Phone: 206.223.1138 Fax: 206.223.1139 E-mail: jbyron@ipjc.org