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Capital Stewardship

Corporate Governance

January 18, 2012 - The AFL-CIO urged the SEC to require companies to disclose their corporate political contributions.

October 6, 2011 - The AFL-CIO urged the SEC to review its regulations to help prevent another Wall Street financial crisis.

September 30, 2011 - The AFL-CIO submitted comments urging the PCAOB to improve auditor reports to help prevent accounting fraud.

March 16, 2011 - AFL-CIO Policy Director Damon Silvers testified before Congress in opposition to repealing portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

March 2, 2011 - In a letter to the SEC, the AFL-CIO commented on the SEC's proposed mine safety disclosure requirements.

November 1, 2010 -In a letter to the PCAOB, the AFL-CIO supported requiring audit firms to document auditor supervision responsibilities.

October 20, 2010 - In a letter to the SEC, the AFL-CIO expressed support for the existing proxy system and urged the SEC to consider the interests of shareholders before making any changes to the shareholder communications rules.

May 26, 2010 -In a letter to the PCAOB, the AFL-CIO supported new requirements to improve communciations between independent auditors and board audit committees.

April 21, 2010 - In testimony before a Congressional hearing titled "Corporate Governance and Shareholder Empowerment," AFL-CIO Office of Investment Deputy Director Brandon Rees explained why corporate governance reform is needed to respond to the financial crisis.

January 19, 2010 - In a letter to the SEC, the AFL-CIO reiterated its support for the SEC's proposal on proxy access and responded to arguments made by the Business Roundtable, an association of the chief executives of the nation's largest corporations, against this rule.

August 10, 2009 - In a letter to the SEC, the AFL-CIO explained that proxy access is important because it will lead to the election of a greater number of independent directors who are able to focus on protecting the long-term interests of shareholders.

 

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