Click here to close now.


News Feed Item

UK Pension Funds Join With Teamsters Union In Submitting Resolution To National Express Annual General Meeting

-- Shareholders Call on Board to Address Human Capital Issues at North American Subsidiaries

LONDON, March 12, 2014 /PRNewswire/ -- Shareholders in National Express Group PLC (NEX: LN) have submitted a shareholder proposal to the company, calling on the Board of Directors of the U.K.-listed multinational transport corporation to improve oversight and increase transparency concerning the company's human capital management policies and practices.

Logo -

More than 100 Teamster shareholders, the Teamsters General Fund and Local Authority Pension Fund Forum (LAPFF) members—Greater Manchester, LB of Islington and Nottinghamshire County Council —are co-sponsoring the resolution. These LAPFF members hold three million shares of National Express.

The shareholder proposal calls for the Board to expand the role and responsibilities of its Safety and Environment Committee to provide quality oversight of the company's human capital management and to adopt a meaningful and enforceable workplace human rights policy.

The shareholder proposal is intended to be put before the company's Annual General Meeting to be held on May 15, 2014.

The shareholder proposal is the culmination of more than four years of shareholder engagement with the senior leadership of National Express, including repeated requests to the National Express Board of Directors and senior management to address serious, systemic problems with the company's human capital management in North America. These potentially create risks for the sustainability and growth of its most profitable business—North American school bus services.

The proponents of the resolution point out that National Express employs more than 35,000 people worldwide and that no Board committee seems to be responsible for ensuring that the company's people strategy is aligned with the overall strategy.

"LAPFF members are long-term investors, and believe that effective management of human capital is crucial to delivering sustainable returns. Employees who feel their rights are respected, and are offered a good deal by their employer, are more likely to stick by the company and do a good job," said Councillor Kieran Quinn, Chairman, Greater Manchester Pension Fund. "We're not convinced that National Express is getting this right currently, and we are filing this resolution so shareholders can give the Board a clear mandate to address these risks to the value of the company and its sustainability."

"The problems at National Express in North America are systemic and longstanding, and the Board's inaction has gone on long enough," said Ken Hall, International Brotherhood of Teamsters General Secretary-Treasurer. "We believe the poor morale the Board has allowed to fester at Durham in the USA and Stock Transportation in Canada has increased safety risks in an industry where safety is most critical—student school bus transportation. It's time for this Board to pay attention to its shareholders and take proactive action to ensure safety and worker rights throughout National Express' global operations."

National Express (NEX) is the parent company of Durham School Services in the United States and Stock Transportation in Canada, both school bus transportation subsidiaries. Durham School Services is the second-largest student transportation company in the United States. There are 4,500 Teamster members working at National Express in North America.

The National Labor Relations Board (NLRB), which oversees U.S. labor law, issued 57 informal complaints since 2001 against Durham School Services. These complaints were denied by Durham but subsequently resulted in settlements. More complaints have been filed this year and the company is challenging them.

The complaints came as a result of a range of allegations by Durham workers over poor management and human capital practices including alleged disparate treatment, discipline and discharge of employees engaged in union organizing; alleged illegal surveillance of workers engaged in union activity; and allegedly threatening workers with reduction in benefits, working conditions and the loss of employment for supporting unionization.

It is claimed these practices infringe provisions of the National Labor Relations Act of 1935.

In May 2013, a delegation of NEX subsidiary Durham School Services workers from the United States traveled to the National Express Annual General Meeting to share their experiences and concerns with the Board and institutional shareholders and implore the Board to take a proactive position on human capital management.

The Teamsters Drive Up Standards campaign to improve safety, service and work standards in the private school bus and transit industry in North America began in 2006. Since then, more than 36,500 North American school bus and transit workers have become Teamsters. Founded in 1903, the Teamsters Union represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit for more information. Follow us on Twitter @Teamsters and "like" us on Facebook at

LAPFF represents the interests of 60 UK public sector pension fund members with combined assets of approximately £120 billion. Its mission is to protect the long-term investment interests of beneficiaries by promoting the highest standards of corporate governance and corporate responsibility amongst investee companies.

National Express Group PLC is the holding company of the National Express Group of companies, a FTSE 250 company listed on the London Stock Exchange with a market capitalization of £1526.5 M as of 25th February. Subsidiary companies provide mass passenger transport services in the United Kingdom and overseas. The company's segments include UK Bus, UK Coach, Rail, North American Bus, European Coach & Bus, and Central functions.

The company operates in the United Kingdom, North America, Spain and Morocco. Its business in North America is focused solely on student transportation and operates in 32 states of the United States and four Canadian provinces.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).