UAW Retiree Medical Benefits Trust — The Harvard Law School Forum on Corporate Governance and Financial Regulation

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Benefits Trust and Walgreens Collaborate on Political Spending Disclosure

Posted by Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Sunday February 17, 2013 at 10:21 am

Tags: Cambria Allen, Disclosure, Lobbying, Meredith Miller, Political spending, UAW Retiree Medical Benefits Trust

Editor’s Note: The following post comes to us from Meredith Miller, Chief Corporate Governance Officer, and Cambria Allen, Corporate Governance Director, of the UAW Retiree Medical Benefits Trust, which provides health care benefits to over 800,000 UAW retirees and their dependents and has $52 billion under management. This post is based on a January 8, 2013 Press Release, available here.

The UAW Retiree Medical Benefits Trust (Trust) and leading drugstore chain Walgreen Co. (Walgreens) recently announced an agreement to a multi-year collaboration in which the company would develop a best practice policy approach to corporate political spending and lobbying activities. A product of constructive dialogue between the Trust and Walgreens, the agreement highlights the utility of the shareholder engagement process by underscoring that companies and shareholders can work together to their collective long-term interest.

Walgreens is to be applauded for coming to the table and developing an agreement to work together with the Trust.

The main components of the agreement are:

…continue reading: Benefits Trust and Walgreens Collaborate on Political Spending Disclosure

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