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Article

24 May 2006

Author:
Walden Asset Management

[PDF] Shareholders Urge Home Depot to Release Diversity Data [USA]

Socially responsive investors have filed a shareholder resolution requesting that...Home Depot provide a report on its diversity record, including equal employment opportunity (EEO) statistics. Walden Asset Management...led the filing of this resolution, which was co-sponsored by a coalition of about two dozen institutional shareowners representing religious investors, non-governmental organizations, foundations, mutual funds and investment firms... Many major U.S. corporations provide diversity reports with detailed EEO information, including such well-known companies as Wal-Mart, Chevron-Texaco, Coca-Cola, Intel, IBM, and Merck. Filers of this resolution believe that companies with a good EEO record have a competitive advantage in employee recruitment and retention.