Shareholders reach agreement with companies commit to disclose diversity data and goals

Also in 2016, investment advisor Trillium Asset Management, which manages over $2 billion in assets for clients, filed shareholder proposals at two companies: software giant Adobe Systems Incorporated and Citrix Systems, which offers the GoToMeeting and GoToWebinar services. Trillium successfully withdrew the proposals after winning agreements from both companies to report annual EEO-1 workforce diversity data and take additional actions to address the diversity problem. Citrix, for example, agreed to set time-bound diversity and inclusion goals by December, 2016.