Delivering Sustainable Investments Since 1982®

Trillium News

Letter to Facebook Shareholders: Vote Yes for Risk Oversight Proposal

April 23, 2018 // Boston, MA – Trillium Asset Management published a letter to Facebook’s shareholders encouraging them to vote in favor of a shareholder proposal on the Company’s 2018 proxy. This proposal requests Facebook’s Board issue a report on the merits of establishing a Risk Oversight Board Committee. We believe this proposal represents an important corporate governance reform that would enhance big picture risk oversight mechanisms while helping protect shareholder value.

The letter provides the following rationale for voting ‘Yes’:

  • The sheer volume, magnitude, and frequency of Facebook’s controversies strongly suggests that the company’s whack-a-mole approach is insufficient – Facebook needs to institutionalize stronger risk oversight mechanisms.
  • Existing risk oversight structures appear to lack the dedicated focus Facebook needs.
  • Facebook can learn from Microsoft’s history of public and government scrutiny and adopt a similar committee structure.

Read the letter to Facebook shareholders.

Contact: Jonas Kron, Trillium Asset Management, (413) 522-2899; jkron[at]trilliuminvest.com or Allan Pearce, Trillium Asset Management, (503) 953-8345, apearce[at]trilliuminvest.com

###

Trillium Asset Management, LLC is the oldest independent investment advisor devoted exclusively to sustainable and responsible investing. With over $2.6 billion in assets under management, Trillium has been managing equity and fixed income investments for high net worth individuals, foundations, endowments, religious institutions, and other nonprofits since 1982. A leader in shareholder advocacy and public policy work, Trillium’s goal is to deliver both impact and performance to its investors.

Important Disclosure: The information provided is not a recommendation to buy or sell the security mentioned. The security was selected on an objective basis for illustrative purposes and does not represent all of the securities purchased, sold or recommended. It should not be assumed that investments in the security has been or will be profitable.

You are now leaving the Trillium Asset Management website and entering the Trillium Mutual Funds website.

I understand and would like to proceed.

I changed my mind!

×

You are now leaving the Trillium Asset Management website and entering the Trillium Mutual Funds website.

I understand and would like to proceed.

I changed my mind!

×

You are now leaving the Trillium Asset Management website.

I understand and would like to proceed.

I changed my mind!

×

You are now leaving the Trillium Asset Management website.

I understand and would like to proceed.

I changed my mind!

×

You are now leaving the Trillium Asset Management website.

I understand and would like to proceed.

I changed my mind!

×

You are now leaving the Trillium Asset Management website.

I understand and would like to proceed.

I changed my mind!

×

You are now leaving the Trillium Asset Management website and entering the Trillium Mutual Funds website.

I understand and would like to proceed.

I changed my mind!

×

You are now leaving the Trillium Asset Management website.

I understand and would like to proceed.

I changed my mind!

×