Wells Fargo shareholders are proposing a resolution at an upcoming stockholders meeting that calls on Wells Fargo to adopt a policy respecting the rights of Indigenous Peoples.
Shareholders Linda Ferich, Holly Kooistra, Phillip Katz, Laura Rea, and Stanley Tomkiel are introducing a resolution that calls on Wells Fargo to adopt a policy regarding the rights of Indigenous Peoples which includes, “respect for the free, prior and informed consent of Indigenous communities affected by Wells Fargo financing.”
The shareholders cite Wells Fargo’s funding of the Dakota Access pipeline and the reputation damage, and loss of customers that has resulted because of it, as reason to adopt an Indigenous Peoples’ Rights Policy.
Wells Fargo has been subjected to heavy protest due to its funding of the Dakota Access pipeline including divesment campaigns that has led several citys to end their relationship with the bank. In February, the city of Seattle ended its $3b per year relationship with Wells Fargo.
The 2017 annual meeting of stockholders is on April 25, 2017 at 10:00 a.m., ET, at the Sawgrass Marriott, 1000 PGA Tour Boulevard, Ponte Vedra Beach, Florida
Read full proposal below.
By Wakíƞyaƞ Waánataƞ (Matt Remle- Lakota)