Maryland 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. Maryland Stockholder Proposal of J.C. Penney Co., Inc. regarding ensuring the company does not do business with foreign suppliers who use forced, convict, or illegal child labor is a comprehensive initiative aimed at promoting ethical supply chain practices. This proposal highlights the importance of corporate social responsibility and addresses concerns regarding the sourcing of products from suppliers who exploit vulnerable labor. The Maryland Stockholder Proposal of J.C. Penney Co., Inc. encompasses several key aspects to prevent business dealings with unethical foreign suppliers. By incorporating relevant keywords, the following content provides a detailed description of the proposal: 1. Background on Maryland Stockholder Proposal: The Maryland Stockholder Proposal of J.C. Penney Co., Inc. showcases the shareholders' commitment to responsible sourcing and adherence to international labor standards. Concerns over forced, convict, or illegal child labor have pushed stakeholders to address ethical challenges and contribute to a more sustainable business model. 2. Objective of the Proposal: This stockholder proposal aims to establish a robust framework to ensure J.C. Penney Co., Inc. avoids collaboration with suppliers who engage in exploitative practices. By prohibiting business activities with foreign entities involved in forced, convict, or illegal child labor, J.C. Penney Co., Inc. will uphold ethical labor standards and protect human rights. 3. Key Components of the Proposal: The Maryland Stockholder Proposal requires J.C. Penney Co., Inc. to take specific actions to eliminate suppliers engaging in unethical practices. These may include: — Implementing rigorous supplier screening processes: J.C. Penney Co., Inc. must develop stringent criteria to evaluate potential suppliers based on their employment practices. This evaluation should consider issues like forced labor, convict labor, and illegal child labor. — Strengthening supplier code of conduct: J.C. Penney Co., Inc. must enhance its supplier code of conduct to explicitly address the prohibition of forced, convict, and illegal child labor. Clear guidelines and expectations will be established to ensure suppliers comply with ethical labor standards. — Collaborating with industry partners: The proposal encourages J.C. Penney Co., Inc. to actively collaborate with industry associations, NGOs, and labor rights organizations to gain valuable insights and share best practices. Such partnerships will enable the company to stay updated on emerging issues related to labor exploitation and work collectively toward resolving them. 4. Potential Impact and Benefits: Adopting the Maryland Stockholder Proposal will position J.C. Penney Co., Inc. as a socially responsible leader in the retail industry. The benefits of this proposal include: — Upholding J.C. Penney Co., Inc.'s brand reputation: By taking a strong stance against forced, convict, and illegal child labor, the company can enhance its public image, generate trust among customers, and differentiate itself from competitors. — Mitigating legal and financial risks: By avoiding partnerships with suppliers engaged in unethical practices, J.C. Penney Co., Inc. minimizes potential legal liabilities and financial risks associated with labor rights violations. Alternative types/names of the Maryland Stockholder Proposal of J.C. Penney Co., Inc. that address similar concerns regarding unethical labor practices may include: — The Maryland Stockholder Proposal on Ethical Sourcing Practices — The Maryland Stockholder Proposal for Supply Chain Responsibility — The Maryland Stockholder Proposal on Preventing Exploitative Supplier Relationships.

Maryland Stockholder Proposal of J.C. Penney Co., Inc. regarding ensuring the company does not do business with foreign suppliers who use forced, convict, or illegal child labor is a comprehensive initiative aimed at promoting ethical supply chain practices. This proposal highlights the importance of corporate social responsibility and addresses concerns regarding the sourcing of products from suppliers who exploit vulnerable labor. The Maryland Stockholder Proposal of J.C. Penney Co., Inc. encompasses several key aspects to prevent business dealings with unethical foreign suppliers. By incorporating relevant keywords, the following content provides a detailed description of the proposal: 1. Background on Maryland Stockholder Proposal: The Maryland Stockholder Proposal of J.C. Penney Co., Inc. showcases the shareholders' commitment to responsible sourcing and adherence to international labor standards. Concerns over forced, convict, or illegal child labor have pushed stakeholders to address ethical challenges and contribute to a more sustainable business model. 2. Objective of the Proposal: This stockholder proposal aims to establish a robust framework to ensure J.C. Penney Co., Inc. avoids collaboration with suppliers who engage in exploitative practices. By prohibiting business activities with foreign entities involved in forced, convict, or illegal child labor, J.C. Penney Co., Inc. will uphold ethical labor standards and protect human rights. 3. Key Components of the Proposal: The Maryland Stockholder Proposal requires J.C. Penney Co., Inc. to take specific actions to eliminate suppliers engaging in unethical practices. These may include: — Implementing rigorous supplier screening processes: J.C. Penney Co., Inc. must develop stringent criteria to evaluate potential suppliers based on their employment practices. This evaluation should consider issues like forced labor, convict labor, and illegal child labor. — Strengthening supplier code of conduct: J.C. Penney Co., Inc. must enhance its supplier code of conduct to explicitly address the prohibition of forced, convict, and illegal child labor. Clear guidelines and expectations will be established to ensure suppliers comply with ethical labor standards. — Collaborating with industry partners: The proposal encourages J.C. Penney Co., Inc. to actively collaborate with industry associations, NGOs, and labor rights organizations to gain valuable insights and share best practices. Such partnerships will enable the company to stay updated on emerging issues related to labor exploitation and work collectively toward resolving them. 4. Potential Impact and Benefits: Adopting the Maryland Stockholder Proposal will position J.C. Penney Co., Inc. as a socially responsible leader in the retail industry. The benefits of this proposal include: — Upholding J.C. Penney Co., Inc.'s brand reputation: By taking a strong stance against forced, convict, and illegal child labor, the company can enhance its public image, generate trust among customers, and differentiate itself from competitors. — Mitigating legal and financial risks: By avoiding partnerships with suppliers engaged in unethical practices, J.C. Penney Co., Inc. minimizes potential legal liabilities and financial risks associated with labor rights violations. Alternative types/names of the Maryland Stockholder Proposal of J.C. Penney Co., Inc. that address similar concerns regarding unethical labor practices may include: — The Maryland Stockholder Proposal on Ethical Sourcing Practices — The Maryland Stockholder Proposal for Supply Chain Responsibility — The Maryland Stockholder Proposal on Preventing Exploitative Supplier Relationships.