We’re here to chronicle the events of the 2008 proxy season as well as keep you updated on our subprime director accountability initiative.

Here's a little background:

The CtW Investment Group works with pension funds sponsored by unions affiliated with Change to Win. Our affiliates’ six million members participate in public and Taft-Hartley pension funds with approximately $1.5 trillion in assets. Our goal is to enhance long-term shareholder value through active ownership, and this proxy season we’re focusing on the six U.S. banks that have suffered the largest mortgage-related write-downs and share price declines. We’re urging shareholders to vote against the reelection of directors who fail to offer a satisfactory explanation as to what they did to ensure that management was properly controlling mortgage-related exposure.

So stay tuned – we’ll keep you updated on the progress of our campaign and the latest news on shareholder activism and the mortgage meltdown.

- CtW Investment Group

If you have any questions or comments about our blog, you can email us at anna [dot] mumford [at] ctwinvestmentgroup [dot] com.

Posted by Anna Mumford on April 4, 2008 4:08 PM