Richard Ferlauto, director of advantages and pensions policy at the AFSCME, the biggest public sector employees union in the U.S., was accountable for safeguarding the pensions of its members. Due to the fact that pensions were invested for years, Ferlauto desired the services in which the union invested to be handled for the long-lasting interests of investors.
The case checks out the history of AFSCME's investor advocacy on this front and especially its usage of investor propositions voted on by investors at yearly conferences. It likewise goes over the union's Say on Pay propositions that looked for to permit investors an advisory vote on executive payment.
The AFSCME vs. Mozilo...and Say on Pay for All (A) case solution
PUBLICATION DATE: February 19, 2009 PRODUCT #: 109009-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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