Wednesday, May 5, 2010
Coca-Cola dismisses BPA criticisms as shareholder coalition vows to fight on
Beverage Daily: "Michael Passoff, senior program director at As You Sow, told FoodProductionDaily.com that few new resolutions of this kind received more than 5-6 per cent backing on a first year vote - as he highlighted the proposal had received some heavyweight backing. RiskMetrics Group and Proxy Governance – the first and third largest proxy analyst services in the US - both recommend voting for the resolution. CalPERS, the largest pension fund in the US, voted all of its 6,075,143 shares (worth around $346m) in favour of the move, as did the Investor Environmental Health Network – a shareholder network with $41bn in combined assets, he added."
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