Northwest Coalition for Responsible Investment
Corporate Governance & Finance
Mission: We challenge corporations to uphold financial, social and ethical standards through their governance structures, including executive compensation, diversity, lobbying, and political contributions.
NWCRI Members Challenge Goldman Sachs & JP Morgan Chase & Company
Again this year Goldman Sachs and JP Morgan Chase & Company are being questioned about their excessive executive compensation. Believing that the compensation packages of senior executives play a significant role in the growing income inequality in the US, NWCRI members have sponsored a shareholder resolution requesting the Board to assess how the Company is responding to risks, including reputational risks, associated with the high levels of senior executive compensation.
Goldman Sachs: executive officers were each given $18.6 million in total compensation for fiscal 2010, roughly 376 times the real median household income in 2010.
JP Morgan Chase & Company: CEO was given $20.8 million in total compensation for 2010, roughly 420 times the real median household income in 2010
Shareholders Respond to Citizens United
Following on the 2010 US Supreme Court Citizens United decision that government cannot place limits on corporations’ spending for political purposes, in 2011 shareholders began asking companies for transparency, disclosure and accountability in their political spending. Resolutions filed by NWCRI members with General Electric and UnitedHealth Group request the board to issue a report disclosing: “company policy and procedures governing the lobbying of legislators and regulators, including that done on our company’s behalf by trade associations.”
Seattle, WA 98115