Welcome!

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 - http://photos.prnewswire.com/prnh/20100127/IBTLOGO

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."

BACKGROUND NOTES
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
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 www.teamster.org for more information. Follow us on Twitter @Teamsters and "like" us on Facebook at www.facebook.com/teamsters.

LOCAL AUTHORITY PENSION FUND FORUM (LAPFF)
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.

COMPANY PROFILE
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
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.