7 Leading Banks To Be Scored On Key Shareholder Concerns, Including Executive Compensation And Risk Management

Scorecard from Interfaith Center on Corporate Responsibility to Examine Bank of America, Bank of New York Mellon, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo.

NEW YORK, Nov. 18, 2013 /PRNewswire-USNewswire/ -- How do America's top banks stack up in the eyes of concerned investors on such key shareholder issues as executive compensation and risk management?    That question will be answered at 1 p.m. EST Wednesday (November 20, 2013) when the Interfaith Center on Corporate Responsibility (ICCR), which represents 300 member organizations with over $100 billion in assets under management, releases a major new scorecard.

WHAT:

ICCR will score seven leading U.S. banks -- Bank of America, Bank of New York Mellon, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo – on the basis of a survey of the institutions. The four key themes – executive compensation, political contributions, responsible lending, and risk management – reflect the priorities of ICCR members, who have been engaging the banks on a variety of issues as shareholders for nearly four decades.

WHO:

• Rev. Séamus Finn, director, Justice, Peace and Integrity of Creation for the Missionary Oblates of Mary Immaculate and ICCR board vice chair;
• Laurence Loubieres, director, Advisory Services, Sustainalytics;
• Sr. Barbara Aires, coordinator, Corporate Responsibility, Sisters of Charity of St. Elizabeth, NJ; and
• David Moore, director, Investments, American Baptist Home Mission Society.

WHEN:

Wednesday, November 20, 2013.

TIME:

1 p.m. EST.

CALL-IN INFORMATION:

You can join this live, phone-based news conference (with full, two-way Q&A) at 1 p.m. EST on November 20, 2013 by dialing 1 (800) 860-2442. Ask for the "investor's bank scorecard" telenews event.

CAN'T PARTICIPATE?:

A streaming audio replay of this news event will be available as of 5 p.m. EST on November 20, 2013 at http://www.iccr.org.

Currently celebrating its 43rd year, the Interfaith Center on Corporate Responsibility is the pioneer coalition of active shareholders who view the management of their investments as a catalyst for change.  Its 300 member organizations with over $100 billion in assets under management have an enduring record of corporate engagement that has demonstrated influence on policies promoting justice and sustainability in the world. To learn more about ICCR's history and current initiatives, go to www.iccr.org.

SOURCE Interfaith Center on Corporate Responsibility, New York City