Teamster Union Speaks Out On Corporate Governance Issues

Protecting Investors and Working Families

The International Brotherhood of Teamsters pension and health and welfare trusts hold more than $100 billion in assets. Trustees of these funds have a responsibility to monitor and act in the interest of advancing sound corporate governance and policies that build long-term value. It is, therefore, our responsibility to ensure that both the government and regulators are listening to our concerns. President James P. Hoffa has written the following letters to the New York Stock Exchange (NYSE), NASDAQ, Financial Accounting Standards Board (FASB) and Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC), expressing the union’s interest in improving investor confidence and market stability by introducing real and substantive reforms to our nation’s free markets.