How to File a Shareholder Resolution for Your Social Investment
Shareholders are part owners of a corporation. Want to have your say about your social investment? You can file a shareholder resolution asking management for changes. The other shareholders can vote to support it or not. Management doesn’t have to listen, but the process may force the managers to pay attention.
Here’s what you do:
Own at least $2,000 worth of stock for at least one year, and have a letter from your broker attesting to that.
Write a 500-word resolution.
Be sure to focus on matters involving at least 5 percent of the company. Don’t ask the company to break the law, and don’t ask for redress for a specific person or issue.
Send your resolution at least 120 days before the next proxy statement will be prepared.