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Update on Shareholder Activism

In December 2006 the VCF became the first community foundation to co-file a shareholder resolution and submitted The Diversity on the Board of Directors proposal to Bed Bath & Beyond for inclusion in its annual proxy statement. BBB has since changed its process for selecting board members, interviewed a set of diverse candidates for the board, and on May 22nd announced the election of Mr. Patrick Gaston to their board, expanding it to eleven members. In light of these developments, the Diversity on the Board of Directors proposal was withdrawn earlier this month.

If you have questions regarding the VCF’s shareholder activism or mission investing, please contact Faith I. Brown at 802-388-2255.

Posted on Thursday, June 21, 2007 at 09:54AM by Registered CommenterVCF Staff | Comments Off