Shareholder Action

Shareholder action is when an investor uses the shares they own in a company to influece that company to pursue positive policies on how it conducts itslef in relation to social and environmental issues.

Every mutual fund investor needs to understand that:
   1.   You own part of a mutual fund...
   2.   The mutual fund owns share in companies...
   3.   You therefore own shares in those companies and are, to a degree, responsible for its actions and 
          activities.

The question becomes: Are you happy about the way your company is being run?

Effecting change within the corporation can take place in the following ways:
   - Management dialogue on grey issues
   - Increasing corporate understanding of social issues
   - Working with companies that indicate a willingness to change
   - Voting ownership shares in line with positive standards

Meritas Mutual Funds take this approach on behalf of its investors.