Investors in FirstGroup will have the opportunity to vote on a shareholder resolution at its AGM this month (13 July) that would require directors to implement and monitor a company-wide workplace human rights policy.
The filers of the resolution include 115 employee shareholders, the Cooperative Insurance Society, the TUC superannuation fund and the US transport employees union, Teamsters. The US-based Service Employees International Union (SEIU), though not a filer of the resolution, was arguing the case for it among UK investors last month.
The shareholders proposing the resolution said the human rights policy would be designed to minimise the risks poor labour relations could pose to shareholder value, and ensure compliance with the International Labour Organisation’s (ILO’s) declaration on fundamental principles and rights at work.
See full Article.
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