Arizona 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

• Category: Corporations - Public - Stockholder
• State: Multi-State
• Control #: US-CC-25-243
• Format: Word; Rich Text

Description

This sample form, a detailed Stockholder Proposal document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The Arizona Stockholder proposal of J.C. Penney Co., Inc. revolves around the importance of preventing the company from engaging with foreign suppliers who exploit forced, convict, or illegal child labor. This proposal aims to ensure ethical business practices and protect basic human rights. Here is a detailed description of the proposal, using relevant keywords: — Overview: The Arizona Stockholder proposal of J.C. Penney Co., Inc. aims to address the issue of exploiting forced labor, convict labor, and illegal child labor within the supply chain. It emphasizes promoting ethical sourcing and protecting vulnerable workers, specifically advocating for the company to discontinue business relationships with suppliers engaged in such practices. Keywords: Arizona Stockholder proposal, J.C. Penney Co., Inc., forced labor, convict labor, illegal child labor, ethical sourcing, supply chain, business relationships, suppliers, vulnerable workers. — Objectives: The proposal seeks to establish a comprehensive framework that ensures J.C. Penney Co., Inc. remains committed to upholding human rights standards within its supply chain. By adopting a strong stance against forced, convict, and illegal child labor, the company can demonstrate its dedication to ethical practices and social responsibility. The proposal calls for thorough due diligence and monitoring procedures to ensure compliance with these standards. Keywords: human rights standards, supply chain, ethical practices, social responsibility, due diligence, monitoring procedures, compliance. — Implementation: The Arizona Stockholder proposal outlines a series of steps that J.C. Penney Co., Inc. should take to enforce this policy effectively. First, it urges the adoption of a formal policy explicitly prohibiting collaboration with suppliers involved in forced, convict, or illegal child labor. The proposal also suggests establishing internal processes to verify supplier compliance, including audits and regular reporting mechanisms. Keywords: formal policy, prohibition, collaboration, supplier compliance, audits, reporting mechanisms. — Third-Party Verification: To enhance transparency and credibility, the proposal recommends engaging independent third-party auditors or certification agencies with expertise in labor practices. These entities would assess the company's suppliers, provide ongoing evaluations, and ensure compliance with the prohibition on forced, convict, and illegal child labor. Regular disclosure of audit results to the public is also encouraged. Keywords: third-party verification, auditors, certification agencies, labor practices, ongoing evaluations, compliance, disclosure. — Consequences and Alternatives: The Arizona Stockholder proposal suggests incorporating strict consequences for suppliers found to be involved in forced, convict, or illegal child labor practices. These consequences may include termination of business contracts, financial penalties, or even legal action. Moreover, the proposal encourages exploring alternative sourcing options, such as partnerships with reputable organizations dedicated to fair and ethical labor practices. Keywords: consequences, suppliers, termination, business contracts, financial penalties, legal action, alternative sourcing, partnerships, fair labor practices, ethical labor practices. By implementing these recommendations, J.C. Penney Co., Inc. can establish itself as a responsible corporate citizen, promote ethical labor practices throughout its supply chain, and contribute to the elimination of forced, convict, and illegal child labor globally. Note: The specific name of this proposal, if different or additional ones exist, should be confirmed through research as it may vary and depend on the shareholder submitting the proposal.

The Arizona Stockholder proposal of J.C. Penney Co., Inc. revolves around the importance of preventing the company from engaging with foreign suppliers who exploit forced, convict, or illegal child labor. This proposal aims to ensure ethical business practices and protect basic human rights. Here is a detailed description of the proposal, using relevant keywords: — Overview: The Arizona Stockholder proposal of J.C. Penney Co., Inc. aims to address the issue of exploiting forced labor, convict labor, and illegal child labor within the supply chain. It emphasizes promoting ethical sourcing and protecting vulnerable workers, specifically advocating for the company to discontinue business relationships with suppliers engaged in such practices. Keywords: Arizona Stockholder proposal, J.C. Penney Co., Inc., forced labor, convict labor, illegal child labor, ethical sourcing, supply chain, business relationships, suppliers, vulnerable workers. — Objectives: The proposal seeks to establish a comprehensive framework that ensures J.C. Penney Co., Inc. remains committed to upholding human rights standards within its supply chain. By adopting a strong stance against forced, convict, and illegal child labor, the company can demonstrate its dedication to ethical practices and social responsibility. The proposal calls for thorough due diligence and monitoring procedures to ensure compliance with these standards. Keywords: human rights standards, supply chain, ethical practices, social responsibility, due diligence, monitoring procedures, compliance. — Implementation: The Arizona Stockholder proposal outlines a series of steps that J.C. Penney Co., Inc. should take to enforce this policy effectively. First, it urges the adoption of a formal policy explicitly prohibiting collaboration with suppliers involved in forced, convict, or illegal child labor. The proposal also suggests establishing internal processes to verify supplier compliance, including audits and regular reporting mechanisms. Keywords: formal policy, prohibition, collaboration, supplier compliance, audits, reporting mechanisms. — Third-Party Verification: To enhance transparency and credibility, the proposal recommends engaging independent third-party auditors or certification agencies with expertise in labor practices. These entities would assess the company's suppliers, provide ongoing evaluations, and ensure compliance with the prohibition on forced, convict, and illegal child labor. Regular disclosure of audit results to the public is also encouraged. Keywords: third-party verification, auditors, certification agencies, labor practices, ongoing evaluations, compliance, disclosure. — Consequences and Alternatives: The Arizona Stockholder proposal suggests incorporating strict consequences for suppliers found to be involved in forced, convict, or illegal child labor practices. These consequences may include termination of business contracts, financial penalties, or even legal action. Moreover, the proposal encourages exploring alternative sourcing options, such as partnerships with reputable organizations dedicated to fair and ethical labor practices. Keywords: consequences, suppliers, termination, business contracts, financial penalties, legal action, alternative sourcing, partnerships, fair labor practices, ethical labor practices. By implementing these recommendations, J.C. Penney Co., Inc. can establish itself as a responsible corporate citizen, promote ethical labor practices throughout its supply chain, and contribute to the elimination of forced, convict, and illegal child labor globally. Note: The specific name of this proposal, if different or additional ones exist, should be confirmed through research as it may vary and depend on the shareholder submitting the proposal.