SEC Green Lights an Unprecedented Shareholder Proposal
Shareholders
of Fidelity’s Contra Fund will have the opportunity to vote on a shareholder
proposal which asks the mutual fund giant to ensure that its investments are
genocide-free.
Thanks to a recent decision by the Securities and Exchange Commission (SEC)
denying Fidelity’s “no-action” request, Fidelity will not be able to block
consideration by its shareholders. Fidelity’s filing with the SEC indicates its
plans to hold a shareholder meeting for its Contra Fund on March 19, 2008. The
shareholder proposal for genocide-free investing has been filed with 28 of
Fidelity’s mutual funds and with 30 other funds from Barclays, Franklin
Templeton, T. Rowe Price, and Vanguard.
Organization: Investors Against Genocide
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