Top Proxy Voting Advisors Recommend Teamsters’ Country Selection Criteria Proposal at Chevron
RiskMetrics Group, PROXY Governance Support Transparency on Chevron’s Country Risks Assessments
“We’re very pleased that both RiskMetrics Group and PROXY Governance, Inc. are supporting our call for Chevron to be transparent about the standards it uses to assess high-risk countries for potential or continued investment,” said Teamsters General Secretary-Treasurer
Chevron, in partnership with Total of
Through its stake in the Yadana project, Chevron has exposed the company to extraordinary legal and financial risks arising from litigation for human rights abuses, the risk of expropriation or impairment of assets by the Burmese military regime, and substantial reputation and political risks that could affect Chevron’s bottom line. Chevron also does business in other high-risk countries, including
Chevron’s current country selection criteria are opaque, and investors lack the information they need to evaluate Chevron’s in-country risk oversight procedures and make informed choices regarding Chevron’s governance.
Co-filers joining the Teamsters’ demand for disclosure include the AFL-CIO, Ms.
Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women in
SOURCE International Brotherhood of Teamsters