This proxy season we continued our active ownership while also preparing for a more politically charged environment towards social and environmental equity and justice.
As federal agencies’ enforcement abilities are undermined, civil society and market players should be engaged more than ever. Despite the legal challenges and imminent threat from the new administration to the Federal Trade Commission (FTC) and its national ban of noncompetes, we filed an amicus brief with New York City’s Comptroller and the Interfaith Center on Corporate Responsibility (ICCR), to register our investor view for keeping the ban to enable wage growth and job mobility. Currently, only a few states have banned noncompetes.