Waste Management 2014 Annual Report Download - page 67
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seeking fleet efficiency and emissions reduction, and supporting conservation of habitat. The political activity of
such associations is not necessarily representative of a position of the Company.
The Board believes disclosure of the Company’s current policies and practices with regard to political
contributions, together with applicable federal, state and local reporting requirements, provide appropriate
transparency of our political participation. Undertaking the obligations as set forth in the proposal would result in
additional time and expense to the Company with little, if any, corresponding benefit for stockholders.
Accordingly, the Board recommends that you vote against this proposal.
Vote Required for Approval
If this proposal is properly presented at the meeting, approval requires the affirmative vote of a majority of
the shares present at the meeting, in person or represented by proxy, and entitled to vote.
THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE AGAINST THE ADOPTION
OF THIS PROPOSAL.
63