Business in the Burbs

ITT shareholders quash church group proposal

May

ITT Corp. shareholders at today’s annual meeting rejected a proposal by several church groups that would have required the global manufacturer to prepare a report on its foreign sales of military and weapons-related products and services.
The proposal drew just 6.8 percent of the votes cast at the meeting, the company said. Its sponsors were the Mercy Investment Program and the Dominican Sisters of Hope, the Presbyterian Church (USA), and the Domestic and Foreign Missionary Society of the Episcopal Church.
ITT said 83 percent of common shares outstanding were voted at the meeting, held at ITT’s new offices at 1133 Westchester Ave. in White Plains. Shareholders elected 10 board members.

This entry was posted on Tuesday, May 12th, 2009 at 4:01 pm by Jerry Gleeson. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Board of directors, Corporate doings, Manufacturing, Worldwide

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