The Travelers Companies, Inc. (Co.) | Director elections at The Travelers Companies, Inc. (Co.)

Status
Voted
AGM date
Previous AGM date
Proposal number
1
Resolution details
Company ticker
TRV
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • Lobbying / political engagement
Type of vote
Director vote
Filer type
Management
Company sector
Financials
Company HQ country
United States
Whereas clause
The director nominees up for election at the company 2023 AGM are as following:

1) Alan D. Schintzer
- Board Chairman (present)

2) Alan L. Beller
- Audit Committee
- Risk Committee

3) Janet M. Dolan
- Compensation Committee
- Investment and Capital Markets Committee
- Nominating and Governance Committee

4) Russell G. Golden

5) Patricia L. Higgins
- Risk Committee
- Audit Committee

6) William J. Kane
- Audit Committee (Chair)
- Executive Committee
- Risk Committee

7) Thomas B. Leonardi
- Compensation Committee
- Investment and Capital Markets Committee
- Nominating and Governance Committee

8) Clarence Otis Jr.
- Compensation Committee (Chair)
- Executive Committee
- Investment and Capital Markets Committee
- Nominating and Governance Committee

9) Elizabeth E. Robinson
- Investment and Capital Markets Committee (Chair)
- Compensation Committee
- Executive Committee
- Nominating and Governance Committee

10) Philip T. (Pete) Ruegger III
- Nominating and Governance Committee (Chair)
- Investment and Capital Markets Committee
- Compensation Committee
- Executive Committee

11) Rafae Santana
- Compensation Committee
- Investment and Capital Markets Committee
- Nominating and Governance Committee

12) Todd C. Schermerhorn
- Risk Committee (Chair)
- Audit Committee
- Executive Committee

13) Laurie J. Thomsen
- Risk Committee
- Audit Committee

14) Bridget van Kraligen
- Risk Committee
- Audit Committee


Supporting statement
Last year, shareholders voted: (i) 55.81% in favour of a proposal titled [Report on efforts to measure, disclose and reduce GHG emissions] and (ii) 52.74% in favour of a proposal titled 'Additional disclosure of lobbying'. PRI research finds that as of 01 March 2023 there is no evidence that the company has been responsive to shareholder views on this matter.

The 2022 proxy season had one of the highest records for majority-supported environmental, social, and governance (ESG) shareholder proposals in recent years, according to PWC. But as the 2023 proxy season commences, companies are acting on – and implementing – less than two out of every five of those shareholder proposals, according to their proponents. In approximately a quarter of cases, the investor proponent believes the proposal will not be addressed at all.

Access the research here: www.unpri.org/active-ownership-20/are-corporate-boards-responding-to-successful-shareholder-esg-proposals/11160.article

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Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.