Proxy adviser ISS backs call for gun safety report at Sturm Ruger | Reuters

ISS and Glass-Lewis both recommended votes in favor of a proxy proposal calling for a report on gun safety.

Proxy adviser Institutional Shareholder Services on Wednesday recommended investors vote to support a shareholder proposal calling for gunmaker Sturm Ruger & Co to report on gun safety, which could put new attention on so-called “smart gun” technology.

The board of Connecticut company Sturm Ruger had recommended investors vote against the call for the safety report. Its proxy statement said that “the intentional criminal misuse of firearms is beyond our control. Similarly, the constitutional right of firearms ownership carries with it certain responsibilities and the Company has long advocated the safe and responsible ownership and use of firearms.”

The shareholder proposal was filed by the Sisters of the Holy Names of Jesus and Mary in Oregon. It asks the company report on gun safety such as how it monitors violence, research on safer guns, and its assessment of risks to its reputation.

Source: Proxy adviser ISS backs call for gun safety report at Sturm Ruger | Reuters

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