Holly Testa

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Affirmative Impact April 2020

on May 13, 2020 3:00:00 PM By | Holly Testa | 0 Comments | Affirmative Impact
Shareholder Engagement in the Midst of COVID-19 By Holly Testa  |  Download the PDF The traumatic impacts of the ongoing COVID- 19 outbreak are necessarily focusing attention to immediate concerns at the expense of just about everything else. Some thoughts on the challenges and opportunities we see as we navigate the changing day-to-day landscape:  Our Work Continues The COVID-19 crisis will do much to shape our agenda going forward, but we continue to focus on long-term systemic issues even as we re-focus our short-term strategy. We had already filed 11 shareholder proposals on behalf of clients for the 2020 proxy season prior to the onset of COVID-19, taking leadership on two resolutions.
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Advocacy and Impact January 2020

on Jan 31, 2020 4:54:39 PM By | Holly Testa | 0 Comments |
By Holly Testa  |  Download the PDF Proxy Voting Trends Our track record on proxy voting continues to contrast sharply with overall averages, as our proxy voting guidelines establish standards not typical within the mainstream investment community. We voted against over 40% of nominating committee board members due to lack of gender and racial diversity and against almost 50% of compensation committee board members due to their oversight and approval of excessive executive compensation.
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Affirmative Impact October 2019

on Nov 1, 2019 10:15:00 AM By | Holly Testa | 0 Comments | Affirmative Impact
Gun Violence: Are We Moving Beyond Thoughts and Prayers? By Holly Testa  |  Download the PDF Recent events give us hope that the answer is yes, even in the face of an unresponsive Senate. In the last few months we have seen significant developments: In the absence of viable federal legislation, state lawmakers have been taking action, with numerous states enacting new gun laws that strengthen background checks, increase age requirements and restrict magazine size and accessories that enhance rapid firing capability. New Jersey Governor Philip Murphy asked banks doing business in the state to disclose relationships with gun manufacturers and sellers. The U.S. House passed a bill that represents the first substantive attempt to enhance federal firearms regulation since 1994. Walmart terminated hand gun and short barrel rifle ammunition sales after a mass shooting killing 20 in one of their own stores. CEO Doug McMillon publicly asked for public policy action. 145 CEOs signed a letter asking the Senate to pass legislation mandating background checks for all firearms sales and to enact a strong red flag law.
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Affirmative Impact June 2019

on Jul 25, 2019 4:01:54 PM By | Holly Testa | 0 Comments | Affirmative Impact
Finally: Significant Progress on Board Diversity By Holly Testa Download the PDF First Affirmative has seen frustratingly slow, but nevertheless steady progress when it comes to board diversity. Of note this proxy season were our successful withdrawals of board diversity proposals at Masimo and Cambrex after both companies took steps to revise nominating committee guidelines and improve their search process to enhance board diversity.
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