Shareholder Advocacy

 

If you own stocks in a corporation, you can influence the management of the corporation in such areas as the environment, human rights, and democratic principles by voting for or against shareholder resolutions. This is called shareholder advocacy. The shareholder may vote in this way as an individual (online or by mail) or ask their financial advisor or broker to do it for them. Asking someone else to vote for them is called proxy voting.

Organizations involved with shareholder advocacy use strategies such as meeting with corporate managers about their concerns or submitting particular proxy resolutions on which the shareholders vote. There are plenty of resources to help people interested in learning more about shareholder advocacy. Chicory Wealth works closely with the Women Donors Network, so we recommend taking a look at the 2018 “Proxy Preview” prepared from them by As You Sow for a deeper dive into this strategy. Another organization working in the field of shareholder advocacy and other strategies is Corporate Accountability, but there are many others.