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Friday, 3 May 2013

Union shareholders unite


The TUC, Unite and UNISON have joined forces to launch Trade Union Share Owners - a group that aims to bring union values to the world of corporate governance, with a new approach to the way in which union investments are voted on at company AGMs.
From now on at any AGM of a FTSE-350 company where either the TUC staff pension fund or those of the two biggest unions hold shares, the group will work with shareholder advisory group PIRC to ensure that the funds take a common voting position in accordance with a new set of policy guidelines drawn up by the TUC.
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