Location: Sayles 253

Time: 8:00 am

Present Chenoa Schatzki-McLain, Arjendu Pattanayak, Paul Peterson, Shane Zerr, Steve Romenesko

Absent Fred Rogers, Greg Amusu, Madeline Hagar, Stephen Kennedy, Locke Perkins

Secretary: Katherine Mateos

Going over the rest of the resolutions

Gender Pay Gap Report

  • Marriott and MasterCard (identical)
  • Falls loosely under pre-approval category #6  (equal employment)
    • *Note: here equal compensation is an extension of equal employment*

Lobbying Expenditures

  • Pre-approval #3 (political contributions)

Glyphosate herbicide (in Roundup) reporting

  • Pepsi Co
  • Reporting on potential health risks and environmental impact
    • “Above and beyond legal compliance”
  • Is this a profitable endeavor? How potent are the actual health risks?
    • FDA says probably not carcinogenic
    • Banned in some European countries
    • Should vote as a committee

Executive committee diversity

  • Seems vague and poorly written
  • Asking for diversity within a group of three highest executives
    • Seems extreme
    • No info on how to get there
  • Not supported

Executive pay diversity metrics

  • Google (Alphabet) and Amazon
  • Similar to accepted executive pay from TJ Maxx last year
  • Perhaps make this a pre-approval category
  • Supported

Indigenous people

  • Goldman Sachs into existing policies while Wells Fargo and Bank of America asking for new policy
    • Vote on these three
  • Asking JP Morgan for tar sands reports
    • Climate risk focus (and less indigenous people focused)
    • More business focused
    • Less controversial to support
  • Wells Fargo did not pass board last year
    • But had relatively high support on ethVest last year
    • Can write a more compelling argument