The UBC’s Corporate Affairs Department is at the forefront of Labor’s effort to advance the interests of workers as important owners in American corporations.
With the aim of shaping corporate governance and responsible corporate behavior, the Department’s strong worker-owner advocacy is an important component of the UBC's commitment to safeguard our members’ retirement security.
Over the past several decades, the Carpenter Pension Funds have been the leading activists in the US market, submitting well over 1,000 shareholder proposals for shareholder votes, and engaging hundreds of other companies through less formal means on a wide variety of topics.
The UBC's Pension Funds’ investments in corporate stocks establish UBC members as significant shareholders in American and Canadian corporations. UBC Funds:
- Embrace their ownership rights and responsibilities
- Closely monitor companies
- Exercise stock voting rights
- Challenge corporate practices through shareholder proposals and other forms of engagement.
The UBC Funds are advocates for a system of corporate governance designed to enhance the long-term health of our retirement funds, as well as the corporations in which they invest.
"Corporate governance measures that smartly balance the rights and responsibilities of shareholders, boards of directors, and corporate executives are the centerpiece of our activism," says UBC General President Doug McCarron.
"And in an era of over-the-top executive compensation, we are strong and effective advocates for pay for sustained and measureable corporate performance."