Update: Wespath Withdraws 2019 Resolutions at Entegris and Booking Holdings

May 8, 2019

Wespath Benefits and Investments (Wespath) withdrew shareholder resolutions filed with Entegris, Inc. and Booking Holdings. The resolution filed with Entegris, a major provider of components to the semiconductor fabrication industry, asked the company to strengthen its corporate governance, specifically related to diversity on the board of directors. Wespath withdrew the resolution after the company amended its nominating and corporate governance policies. The resolution filed with online travel services company Booking Holdings requested information on the company’s policies and procedures to address human rights-related business risks. Wespath withdrew the resolution after the company agreed to conduct a risk assessment and continue the dialogue.

Wespath looks forward to continuing its engagement activities in support of long-term value creation on behalf of our investors. Investors wishing to better understand Wespath’s process for engaging the companies in which the various Wespath funds invest may visit our Active Ownership page.

 

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