Behind the Chamber’s Attack on the Proxy Process, Fear of Disclosure – and CPA Founder’s Column By Bruce Freed Why is the U.S. Chamber of Commerce still running from sunlight? What are the Chamber and many of its members trying to hide? Just consider: –The Chamber receives dues from members it represents and “has spent…
Tag: chamber of commerce
Nell Minow: Response to the Chamber of Commerce’s Outrageous Comment to DOL
VEA Vice Chair Nell Minow has submitted a comment to the Department of Labor on proxy advisory firms and proxy voting by pension fiduciaries. This is a follow-up to two previous letters on the issue and in response to a letter from the Chamber of Commerce calling for the same kinds of restrictions on proxy…
Big Tobacco’s Staunch Friend in Washington: U.S. Chamber of Commerce – The New York Times
The Chamber of Commerce, which is supposed to represent broad business interests and acknowledges that it uses the membership of small local businesses in local Chambers of Commerce as “cover,” has devoted enormous resources to thwarting other countries’ efforts to inform consumers about the dangers of smoking. They have even insisted that warning labels on…
Investors Ask Portfolio Companies to Oppose the Chamber of Commerce on EPA Rules
Announcement by Walden Asset Management: In the wake of the Obama Administration’s August 3, 2015 announcement on its Clean Power Plan to combat climate change, over 60 investors and organizations sent a letter to approximately 50 companies that are on the Board or are prominent members of the U.S. Chamber of Commerce (the “Chamber”), a…
CVS Health Quits U.S. Chamber Over Stance on Smoking – The New York Times
This is important and most welcome news. If companies like CVS believe that the Chamber of Commerce is promoting initiatives that are contrary to their own corporate strategy and reputation, they will leave. What is especially illuminating here is that apparently they had no knowledge that the Chamber was spending its resources and risking its…
U.S. Chamber Forms Coalition to Fend Off Activist Hedge Funds – Bloomberg Business
If the chamber’s coalition wants to “facilitate long-term value creation, they should support reforms that strengthen shareholder rights and oppose arrangements that insulate managements from shareholders,” said Lucian Bebchuk, a professor at Harvard Law School. via U.S. Chamber Forms Coalition to Fend Off Activist Hedge Funds – Bloomberg Business.
U.S. Chamber of Commerce Works Globally to Fight Antismoking Measures – The New York Times
Further reason for better disclosure of lobbying by corporations, even outside the US. From Ukraine to Uruguay, Moldova to the Philippines, the U.S. Chamber of Commerce and its foreign affiliates have become the hammer for the tobacco industry, engaging in a worldwide effort to fight antismoking laws of all kinds, according to interviews with government…
