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Group of investors issues joint statement on shareholder rights

Joint statement on shareholder rights signed by investors with a combined AuM of USD 5.2 trillion

A group of 39 investors – including Cardano – representing USD 5.2 trillion in assets under management issues a joint statement that calls for the SEC to continue to be the preferred arbiter of shareholder proposals in the United States.

In this statement, we express concern that shareholder rights may be at risk in light of the litigation undertaken by Exxon Mobil against Follow This and Arjuna Capital and the amicus brief of the U.S. Chamber of Commerce and the Business Roundtable. We are concerned that these actions will deter the filing of proposals concerning the sustainability issues that are material to the performance of Cardano’s equity and fixed income portfolios.

The full text of the investor statement can be found here.