Kansas 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 Kansas Stockholder proposal of J.C. Penney Co., Inc. encompasses various initiatives aimed at ensuring the company's ethical business practices and preventing engagement with foreign suppliers who employ forced, convict, or illegal child labor. This proposal emphasizes the importance of upholding human rights and social responsibility within the global supply chain, aligning with J.C. Penney's commitment to ethical sourcing. One aspect of the Kansas Stockholder proposal suggests implementing a comprehensive monitoring system to verify the labor practices of foreign suppliers. This entails conducting regular assessments, both announced and unannounced, to ensure compliance with international labor standards. By employing such a system, J.C. Penney can effectively identify and address any instances of forced, convict, or illegal child labor. Another facet of the proposal revolves around establishing strict contractual agreements with suppliers. These agreements would explicitly prohibit the use of forced, convict, or illegal child labor in J.C. Penney's supply chain. Incorporating specific clauses in contracts would create a legal framework that binds suppliers to comply with these labor standards, thereby holding them accountable. Additionally, the Kansas Stockholder proposal recommends collaboration with reputable third-party organizations specializing in supply chain auditing. Engaging such organizations would bolster J.C. Penney's monitoring efforts by conducting independent audits of supplier facilities. These audits would verify compliance with labor standards and provide valuable insights into potential risks within the supply chain. Furthermore, the proposal calls for transparency and reporting regarding the company's efforts to combat forced, convict, or illegal child labor. J.C. Penney would disclose information related to supplier audits, enforcement actions, and initiatives aimed at eradicating unethical labor practices. Such transparency would not only keep shareholders well-informed but also ensure accountability and foster trust between the company and its stakeholders. It is worth noting that the Kansas Stockholder proposal may encompass different variations or additional elements based on the specific concerns and priorities of the stockholders involved. However, the overarching goal remains the same: ensuring that J.C. Penney Co., Inc. maintains a strong commitment to human rights by avoiding any association with foreign suppliers involved in forced, convict, or illegal child labor.

The Kansas Stockholder proposal of J.C. Penney Co., Inc. encompasses various initiatives aimed at ensuring the company's ethical business practices and preventing engagement with foreign suppliers who employ forced, convict, or illegal child labor. This proposal emphasizes the importance of upholding human rights and social responsibility within the global supply chain, aligning with J.C. Penney's commitment to ethical sourcing. One aspect of the Kansas Stockholder proposal suggests implementing a comprehensive monitoring system to verify the labor practices of foreign suppliers. This entails conducting regular assessments, both announced and unannounced, to ensure compliance with international labor standards. By employing such a system, J.C. Penney can effectively identify and address any instances of forced, convict, or illegal child labor. Another facet of the proposal revolves around establishing strict contractual agreements with suppliers. These agreements would explicitly prohibit the use of forced, convict, or illegal child labor in J.C. Penney's supply chain. Incorporating specific clauses in contracts would create a legal framework that binds suppliers to comply with these labor standards, thereby holding them accountable. Additionally, the Kansas Stockholder proposal recommends collaboration with reputable third-party organizations specializing in supply chain auditing. Engaging such organizations would bolster J.C. Penney's monitoring efforts by conducting independent audits of supplier facilities. These audits would verify compliance with labor standards and provide valuable insights into potential risks within the supply chain. Furthermore, the proposal calls for transparency and reporting regarding the company's efforts to combat forced, convict, or illegal child labor. J.C. Penney would disclose information related to supplier audits, enforcement actions, and initiatives aimed at eradicating unethical labor practices. Such transparency would not only keep shareholders well-informed but also ensure accountability and foster trust between the company and its stakeholders. It is worth noting that the Kansas Stockholder proposal may encompass different variations or additional elements based on the specific concerns and priorities of the stockholders involved. However, the overarching goal remains the same: ensuring that J.C. Penney Co., Inc. maintains a strong commitment to human rights by avoiding any association with foreign suppliers involved in forced, convict, or illegal child labor.