Title: Michigan Stockholder Proposal of J.C. Penney Co., Inc.: Ensuring Ethical Sourcing Practices and Combating Forced Labor Description: Michigan Stockholder Proposal of J.C. Penney Co., Inc. aims to address the issue of forced labor, convict labor, and illegal child labor within the company's foreign supply chains. This proposal emphasizes the importance of ethical sourcing and promoting human rights standards. By implementing this measure, J.C. Penney Co., Inc. commits to refusing business dealings with suppliers who engage in such exploitative labor practices. Keywords: Michigan Stockholder Proposal, J.C. Penney Co., Inc., foreign suppliers, forced labor, convict labor, illegal child labor, ethical sourcing, human rights standards Types of Michigan Stockholder Proposal of J.C. Penney Co., Inc.: I. Michigan Stockholder Proposal of J.C. Penney Co., Inc. — Ethical Sourcing and Forced Labor Prevention: This proposal mandates J.C. Penney Co., Inc. to actively screen foreign suppliers and their subcontractors, ensuring that they do not utilize forced labor, convict labor, or employ underage workers. The company will be required to carry out regular audits and inspections of its suppliers, setting transparent guidelines and standards to eliminate the risk of unethical labor practices. II. Michigan Stockholder Proposal of J.C. Penney Co., Inc. — Supply Chain Transparency and Due Diligence: This proposal focuses on enhancing transparency within the company's supply chain by demanding clearer visibility and accountability for sourcing practices. J.C. Penney Co., Inc. is required to conduct thorough due diligence on suppliers to verify compliance with labor laws and prevent any association with forced labor, convict labor, or illegal child labor. This includes conducting third-party audits and implementing a rigorous monitoring system. III. Michigan Stockholder Proposal of J.C. Penney Co., Inc. — Accountability and Non-Compliance Consequences: This proposal emphasizes the need for the company to strengthen its accountability mechanisms and establish severe consequences for any supplier found guilty of engaging in forced labor, convict labor, or illegal child labor. J.C. Penney Co., Inc. will be expected to terminate any existing contracts with non-compliant suppliers and take immediate corrective actions to rectify the issue, thereby establishing a zero-tolerance policy for labor exploitation. IV. Michigan Stockholder Proposal of J.C. Penney Co., Inc. — Collaboration with Stakeholders: This proposal advocates for J.C. Penney Co., Inc. to actively engage and collaborate with stakeholders, including human rights organizations, labor rights advocates, and relevant governmental bodies, to shape industry-wide standards and best practices. By fostering partnerships, the company can leverage collective efforts to combat forced labor and promote responsible sourcing initiatives. By adopting these Michigan Stockholder Proposals of J.C. Penney Co., Inc., the company demonstrates its commitment toward ensuring ethical sourcing practices and combatting forced labor within its supply chains.
Michigan Stockholder proposal of J.C. Penney Co., Inc. regarding ensuring company does not do business with foreign suppliers who use forced, convict, or illegal child labor
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