Wal-Mart Stores Inc. attorneys filed objections with the SEC, seeking to prevent shareholder resolutions - sponsored by the $20 billion State of Connecticut Retirement Plans & Trust Funds, Hartford; $14 billion General Board of Pension and Health Benefits of The United Methodist Church, Evanston, Ill.; and other members of the Interfaith Center on Corporate Responsibility - from being voted on by shareholders, according to an ICCR statement.
Marty Heires, public relations manager at Wal-Mart, Bentonville, Ark., didn't return a call for comment. John Nester, SEC spokesman, said such corporate communications are confidential.
The resolutions address excessive executive compensation and "the impact on public health services by corporate employees lacking adequate health benefits," the statement said.
CORRECTION: Wal-Mart Stores Inc. did not file objections with the SEC against a shareholder proposal filed by the State of Connecticut Retirement Plans & Trust Funds and the General Board of Pension and Health Benefits of The United Methodist Church, as reported in the Feb. 14 P&I Daily. Wal-Mart objected to two proposals filed by other members of the Interfaith Center on Corporate Responsibility.