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2009: The Year of Health Care Reform? Faith-Based Investors See Doubling of Related Shareholder Resolutions, Growing Public Support From Corporate America
Date:1/14/2009

cognized for the positive role they have played in the public debate."

Laura Shaffer, director of shareholder activities, Nathan Cummings Foundation, said: "As long-term shareholders we want to be sure that the companies we invest in are positioning themselves to shape policy in a way that's beneficial for both society and the bottom line. Corporations that ignore this debate do so at their peril."

2009 SHAREHOLDER SEASON OVERVIEW

In 2007-2008, ICCR members and other institutional investors filed resolutions with a number of companies requesting the boards of directors to adopt principles for comprehensive health care reform, such as those of the Institute of Medicine. Although some companies challenged the resolution at the Securities and Exchange Commission (SEC), the Commission eventually told a dozen companies that they must allow shareholders to vote on the proposal to reflect "changing societal views," thereby drawing the corporations deeper into the debate over the future of health care in domestic policy.

In 2009, the ICCR resolution has been filed at (in alphabetical order): 3-M Company; Abbott Laboratories; Altria Group, Inc.; American Express Co.; Apple Computer, Inc. (pending the meeting of filing deadline); Bank of America Corp.; Boeing Company; CBS Corp.; Coca-Cola Company; Direct TV Group, Inc.; Exxon Mobil Corporation; Ford Motor Company; General Motors Corp.; Home Depot, Inc.; Kohl's Corporation (resolution filed and dialogue held); The Kroger Co.; Lowe's Companies, Inc.; Qualcomm Inc.; Staples, Inc.; Starbucks Corp. (resolution filed and then withdrawn when the company placed principles on its Web site); Target Corp. (resolution filed, and dialogue held); United Technologies Corp.; Verizon Communications Inc.; Wyeth; Xerox Corporation; and Yum! Brands, Inc.

The 12 resolutions and their outcome in the 2008 shareholder season were as follows (in alphabetical order): Altr
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SOURCE Interfaith Center on Corporate Responsibility, NYC
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