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Citing ‘brand risk,’ shareholder consortium demands a full report
A consortium of religious and business organizations representing what they call “concerned shareholders” of PepsiCo has submitted a proxy resolution demanding that the soft-drink company produce a study to show how it is addressing the impact of AIDS on its operations in Africa.
Mark Regier, an advocacy manager for MMA Praxis Mutual Funds, a socially conscious investment company in Goshen, Ind., said in a conference call last week that it took a proxy resolution to get the company to pay focused attention to the issue.
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