The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Thu, 20 May 2021 13:55:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 Benefits Trust and Walgreens Collaborate on Political Spending Disclosure https://corpgov.law.harvard.edu/2013/02/17/benefits-trust-and-walgreens-collaborate-on-political-spending-disclosure/ https://corpgov.law.harvard.edu/2013/02/17/benefits-trust-and-walgreens-collaborate-on-political-spending-disclosure/#comments Sun, 17 Feb 2013 15:21:40 +0000 http://blogs.law.harvard.edu/corpgov/?p=40402?d=20150113110907EST Posted by Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Sunday, February 17, 2013
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:

(more…)

]]> https://corpgov.law.harvard.edu/2013/02/17/benefits-trust-and-walgreens-collaborate-on-political-spending-disclosure/feed/ 1