ICCR Issues Public Statement on Proposed Changes to Rule 14a8

NEW YORK, NY///August 7, 2007///ICCR's Executive Director, Laura Berry, today issued the following public statement regarding the SEC's proposed changes to rule 14a8, which deals with shareholder rights:

I cannot stress enough how important it is for concerned investors to contact their local Representatives and Senators to alert them to their concerns regarding the SEC's proposed changes to Rule 14a8 during the 60-day public comment period, expected to run through early October. Many Congressmen/women are in their local offices and available to meet with their constituents this month. This outreach is another step in the process to shut down any possibility that the SEC will eliminate or weaken our collective ability to assert our ownership rights through the filing of advisory resolutions.

Yesterday a group representing ICCR had an opportunity for a short, incisive, face-to-face meeting with Congressman Barney Frank, the Chairman of the House Financial Services Committee. I believe we were successful in raising our issues. Congressman Frank concluded the meeting with the statement that our respective positions were “perfectly in sync.”

We are continuing to work with our broad coalition to create tools and action items so that ICCR’s membership can continue to effectively alert our representatives to our position. We will continue work diligently to ensure that shareholder rights will be protected and strengthened when the final rules emerge.

Laura Berry
Executive Director
ICCR

Note: For more information, please contact:

Laura Berry
Executive Director
ICCR
212-870-2294
lberry@iccr.org

Margaret Weber
Chair
ICCR Board of Directors
313-938-1133
mweber@adriandominicans.org

John Wilson
Director of SRI
Christian Brothers Investment Services
212-490-0800 x 1918
wilsonj@cbisonline.com

Frank Rauscher
Senior Principal
Aquinas Associates
214-502-5950
rauscher@acquinasassociates.com

Tim Smith
Senior VP
Walden Asset Management
617-726-7155
tsmith@bostontrust.com

Adam Kanzer
Managing Director and General Counsel
Domini Social Investments LLC.
212-217-1027
akanzer@domini.com

Gary Brouse
Director, Corporate Governance Working Group
ICCR
646-388-1492
gbrouse@iccr.org

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