On January 23, 2014, Franklin Resources, Inc announced that it has filed a definitive proxy statement soliciting proxies and urged the shareholders to vote against a proposal from William L. Rosenfeld, requesting the board institute transparent procedures to avoid holding or recommending investments in companies that, in management's judgment, substantially contribute to genocide or crimes against humanity, the most egregious violations of human rights at the Company's annual general meeting of shareholders scheduled to be held on March 12, 2014.