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Capital Stewardship Program
Capital Stewardship Program
Workers and their unions have fought long and hard to secure workers’ retirement, health and welfare benefits. Today, more than $4.1 trillion worth of assets in union- and other worker-related pension, health and savings funds protect the future of American workers and their families. At UFCW-affiliated funds across the United States, more than $32 billion in working capital protect our members’ future. In times when reckless corporate looting and mishaps—such as the Enron and WorldCom scandals—bring down companies and cost shareholders billions of dollars, the UFCW Capital Stewardship Program spearheads the union’s efforts to protect the retirement security of its members and promote corporate best practices and reform.
What We Do
The UFCW Capital Stewardship Program protects members’ assets through active ownership of UFCW-affiliated Taft-Hartley pension, health and welfare funds, 401(k) and other defined-contribution retirement plans, as well as union reserve funds. These funds own stock in most public company in the United States and numerous large foreign companies. Active ownership means proactively exercising rights as shareholders to engage corporate management on various issues of concern, such as director elections, executive compensation, divestments, and mergers and acquisitions, through voting on proxy items and shareholder engagement.
The UFCW Capital Stewardship Program works with UFCW fund trustees, their investment managers and other related professionals to make sure our members’ assets are managed in their best interests. We also work closely with the Change to Win Investment Group and the capital stewardship offices of other CtW affiliate unions.
Affiliates
The CtW Investment Group
SEIU Capital Stewardship Program
International Brotherhood of Teamsters Capital Strategies Program
UNITE HERE
Laborers International Union of North America Capital Strategies Program
United Brotherhood of Carpenters and Joiners of America
United Farm Workers
Resources
The Council of Institutional Investors
The Interfaith Center on Corporate Responsibility
The Corporate Library
ShareholderProposals.com
For more information, please contact:
Bill Dempsey
Director, Capital Stewardship Program
Strategic Resources Department
UFCW International
Tel: 202-466-1527
bdempsey@ufcw.org | Sol Kwon
Research Associate, Capital Stewardship Program
Strategic Resources Department
UFCW International
Tel: 202-466-1543
skwon@ufcw.org |
Click Here for a PDF of UFCW -affiliated Taft-Hartley funds.
