UK Pension Funds Join With Teamsters Union In Submitting Resolution To National Express Annual General Meeting

UK Pension Funds Join With TeamstersUK Pension Funds Join With Teamsters Union In Submitting Resolution To National Express Annual General Meeting PR Newswire LONDON, March 12, 2014 -- Shareholders Call on Board to Address Human Capital Issues at North American Subsidiaries Shareholders in National Express Group PLC (NEX: LN) have submitted a shareholder proposal to the company, calling on the Board of Directors of the U.K.-listed multinational transport corporation to improve oversight and increase transparency concerning the company's human capital management policies and practices. More than 100 Teamster shareholders, the Teamsters General Fund and Local Authority Pension Fund Forum (LAPFF) members—Greater Manchester, LB of Islington and Nottinghamshire County Council —are co- sponsoring the resolution. These LAPFF members hold three million shares of National Express. The shareholder proposal calls for the Board to expand the role and responsibilities of its Safety and Environment Committee to provide quality oversight of the company's human capital management and to adopt a meaningful and enforceable workplace human rights policy. The shareholder proposal is intended to be put before the company's Annual General Meeting to be held on May 15, 2014.