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Please help Oxfam America and Immokalee Workers prevent the SEC from
banning corporate shareholders' rights to make resolutions supporting
fair wages and human rights for workers who raise the raw food the
corporations, like Proctor & Gamble and Pizza Hut, process for the
market. Please also read below.<br>
<br>
Fred<br>
<br>
-------- Original Message --------
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<th align="right" nowrap="nowrap" valign="baseline">Subject: </th>
<td>Don't let corporations ignore their shareholders</td>
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<th align="right" nowrap="nowrap" valign="baseline">Date: </th>
<td>Tue, 25 Sep 2007 16:03:05 GMT</td>
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<th align="right" nowrap="nowrap" valign="baseline">From: </th>
<td>Tim Fullerton, Oxfam America <a class="moz-txt-link-rfc2396E" href="mailto:action@oxfamamerica.org"><action@oxfamamerica.org></a></td>
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<th align="right" nowrap="nowrap" valign="baseline">Reply-To: </th>
<td><a class="moz-txt-link-abbreviated" href="mailto:notice-reply-webnndu41e5kx6n@ga-mail.act.oxfamamerica.org">notice-reply-webnndu41e5kx6n@ga-mail.act.oxfamamerica.org</a></td>
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<th align="right" nowrap="nowrap" valign="baseline">To: </th>
<td>Fred Duparrault <a class="moz-txt-link-rfc2396E" href="mailto:fredd@freeshell.org"><fredd@freeshell.org></a></td>
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<pre>Dear Fred,
As you know, Oxfam works very hard to make sure corporations
establish practices that help promote human rights, reduce
poverty, and protect the environment. In 2004, Oxfam joined our
partner the Coalition of Immokalee Workers in convincing Yum!
Brands, the parent company of Taco Bell, Pizza Hut, and others,
to increase the amount they pay to their tomato farmers.
Part of the reason for our great success was because more than
40 percent of the shareholders in Yum! Brands, representing a
$3 billion stake in the company, believed that fair wages
should be part of the company's business model. We won because
we worked with the company's shareholders-a critical voice in
any large company.
Now, the government wants to take away the rights of
shareholders to keep corporations honest about their practices.
Please tell the US Securities and Exchange Commission (SEC) to
protect shareholder rights before the Oct. 2 public comment
deadline (<a class="moz-txt-link-freetext" href="http://act.oxfamamerica.org/campaign/sec/webnndu41e5kx6n">http://act.oxfamamerica.org/campaign/sec/webnndu41e5kx6n</a>?).
Shareholder advocacy, used for decades by social movements at
home and abroad, is a highly effective way to bring about social
change. Oxfam has used this technique to put pressure on
companies like Proctor & Gamble and the Newmont Mining
Corporation to improve their human rights practices.
Our right to freely petition corporations at their annual
general meetings is now being threatened. The SEC has proposed
new rules that would restrict the ability of shareholders to
bring shareholder resolutions, thereby shutting down public
discussion around controversial issues. If these proposals pass,
wins like Yum! Brands will be much harder to accomplish.
We need your help today to convince the SEC to abandon these
proposals. The SEC is accepting comments from the public until
Oct. 2.
Please tell the SEC today to protect shareholder rights
(<a class="moz-txt-link-freetext" href="http://act.oxfamamerica.org/campaign/sec/webnndu41e5kx6n">http://act.oxfamamerica.org/campaign/sec/webnndu41e5kx6n</a>?).
We hope you'll join us in protecting this important tool of our
modern democracy.
Sincerely,
Tim Fullerton
Oxfam America
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