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NINETY EIGHT REGENCY

Shareholder issues

2 posts in this topic

Shareholder issues

BY BRENT SNAVELY

FREE PRESS BUSINESS WRITER

Shelley Alpern, vice president of Trillium Asset Management, wants to convince Ford shareholders to vote for a proposal that would require Ford to disclose the amount of money it contributes to trade associations.

"Ford is really trying to reposition itself to produce more fuel-efficient cars with far less of a carbon footprint, but the Chamber of Commerce and the National Association of Manufacturers has been trying to kill climate change legislation," she said.

• Ford's culture shift to stability drives progress

But it's an uphill battle. Last year, she said, just 9% of shareholders voted for the proposal.

Ford is expected to face four other shareholder proposals at its annual shareholder meeting Thursday. If passed, they would:

• Require directors, officers and consultants to disclose any prior governmental affiliation.

• Abolish the company's Class B share structure, which gives the Ford family control more than 40% of the voting power.

• Give shareholders the ability to approve compensation packages for the company's five highest-paid executives.

• Bar Ford from undertaking any energy savings projects that are solely concerned with carbon dioxide reduction.

link:

http://www.freep.com/article/20100510/BUSINESS01/5100311/1210/Shareholder-issues

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