Shareholder Activism In Action

Denver based, Newmont Mining Company, has agreed to an independent review of its international social and environmental impact, thanks to the efforts of shareholder activists. From a recent Christian Science Monitor article:

The shareholder resolution recommends that independent members of the company's board of directors – not management – conduct the global review and produce a report.

"It will contain the good, bad, and the ugly, but we're not necessarily afraid of that," says Newmont spokesman Omar Jabara. "We do need to know where we can improve. There's nothing worse than having an issue out there and not knowing about it until it's too late or festered into a big problem."

Whether the report becomes a "greenwash" or truly credible depends on its implementation, says Julie Tanner, corporate advocacy coordinator with Christian Brothers Investment Services, a Catholic SRI firm based in New York, which led the successful shareholder effort.

Read the entire article here.