Category: Risk management
Outsourcing company facing shareholder resolution Outsourcing company facing shareholder resolution Outsourcing company facing shareholder resolution
A shareholder resolution at MAXIMUS, an outsourcing company that provides business process services to government health and human services agencies, calls for comprehensive disclosures of lobbying activities.
Union-linked pension fund representative CtW Investment Group will present a resolution calling for the disclosure at MAXIMUS’s annual meeting tomorrow (March 17).
MAXIMUS is a healthcare services company that contracts with federal and local governments on Medicaid and Medicare operations. CtW said that the Council of Institutional Investors has pledged support for the proposal.
The proposal calls for the company to disclose: its policies and procedures regarding lobbying, all lobbying payments, membership of lobbying groups, such as ALEC, and payments to them as well as a description of board oversight of such payments.
A letter accompanying the resolution details some of the lobbying payments the group has been able to identify, in…