Montana 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. Montana 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 One of the crucial aspects of corporate responsibility is ensuring that businesses do not engage with suppliers who employ forced, convict, or illegal child labor. Montana Stockholder Proposal, presented to the J.C. Penney Co., Inc., aims to establish stringent guidelines that safeguard the company from being associated with entities involved in such practices. By implementing these guidelines, J.C. Penney can maintain its commitment to social and ethical responsibility in its global supply chain. This shareholder proposal seeks to address the potential risks associated with suppliers by outlining a comprehensive strategy that J.C. Penney must adopt. The proposal enforces the following key points: 1. Supplier Vetting Process: J.C. Penney should develop a robust supplier vetting process to ascertain that potential partners do not exploit forced, convict, or illegal child labor. This entails conducting thorough background checks and regular audits, ensuring compliance with international labor standards. 2. Supply Chain Transparency: Implementation of a transparent supply chain system that tracks the origin and manufacturing process of each product. J.C. Penney must collaborate with suppliers who maintain clear records and disclose information related to their labor practices. 3. Code of Conduct: J.C. Penney should establish a comprehensive code of conduct that explicitly prohibits any form of forced, convict, or illegal child labor. This code must be shared with all suppliers, enforcing the expectation of compliance throughout the supply chain. 4. Regular Auditing: Conducting regular and unannounced audits of suppliers, ensuring adherence to labor laws and regulations. These audits should include comprehensive assessments verifying that forced, convict, or illegal child labor has no association with any level of the supply chain. 5. Supplier Support: Developing programs to support suppliers in transitioning away from forced, convict, or illegal child labor practices. J.C. Penney may provide training, resources, and guidance to help suppliers align with ethical labor practices. Potential types of the Montana Stockholder Proposal of J.C. Penney Co., Inc. regarding ensuring the company's non-engagement with suppliers involved in forced, convict, or illegal child labor include: 1. Expansion of Supplier Vetting Procedures: Enhancing and expanding the vetting process to include a more comprehensive evaluation of potential suppliers and their labor practices. 2. Enhancing Supply Chain Transparency: Encouraging J.C. Penney to further integrate technology solutions to increase supply chain visibility and ensure transparency throughout the manufacturing processes. 3. Collaboration with Industry Peers: Suggesting J.C. Penney to collaborate with other industry leaders, NGOs, and regulatory bodies to establish industry-wide standards and frameworks for combating forced, convict, or illegal child labor. The Montana Stockholder Proposal of J.C. Penney Co., Inc. positions the company as a responsible corporate citizen by proactively addressing the issue of forced, convict, or illegal child labor in its supply chain. By adopting the outlined initiatives, J.C. Penney can reinforce its commitment to ethical sourcing practices and become an industry leader in ensuring the protection of human rights and labor standards.

Montana 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 One of the crucial aspects of corporate responsibility is ensuring that businesses do not engage with suppliers who employ forced, convict, or illegal child labor. Montana Stockholder Proposal, presented to the J.C. Penney Co., Inc., aims to establish stringent guidelines that safeguard the company from being associated with entities involved in such practices. By implementing these guidelines, J.C. Penney can maintain its commitment to social and ethical responsibility in its global supply chain. This shareholder proposal seeks to address the potential risks associated with suppliers by outlining a comprehensive strategy that J.C. Penney must adopt. The proposal enforces the following key points: 1. Supplier Vetting Process: J.C. Penney should develop a robust supplier vetting process to ascertain that potential partners do not exploit forced, convict, or illegal child labor. This entails conducting thorough background checks and regular audits, ensuring compliance with international labor standards. 2. Supply Chain Transparency: Implementation of a transparent supply chain system that tracks the origin and manufacturing process of each product. J.C. Penney must collaborate with suppliers who maintain clear records and disclose information related to their labor practices. 3. Code of Conduct: J.C. Penney should establish a comprehensive code of conduct that explicitly prohibits any form of forced, convict, or illegal child labor. This code must be shared with all suppliers, enforcing the expectation of compliance throughout the supply chain. 4. Regular Auditing: Conducting regular and unannounced audits of suppliers, ensuring adherence to labor laws and regulations. These audits should include comprehensive assessments verifying that forced, convict, or illegal child labor has no association with any level of the supply chain. 5. Supplier Support: Developing programs to support suppliers in transitioning away from forced, convict, or illegal child labor practices. J.C. Penney may provide training, resources, and guidance to help suppliers align with ethical labor practices. Potential types of the Montana Stockholder Proposal of J.C. Penney Co., Inc. regarding ensuring the company's non-engagement with suppliers involved in forced, convict, or illegal child labor include: 1. Expansion of Supplier Vetting Procedures: Enhancing and expanding the vetting process to include a more comprehensive evaluation of potential suppliers and their labor practices. 2. Enhancing Supply Chain Transparency: Encouraging J.C. Penney to further integrate technology solutions to increase supply chain visibility and ensure transparency throughout the manufacturing processes. 3. Collaboration with Industry Peers: Suggesting J.C. Penney to collaborate with other industry leaders, NGOs, and regulatory bodies to establish industry-wide standards and frameworks for combating forced, convict, or illegal child labor. The Montana Stockholder Proposal of J.C. Penney Co., Inc. positions the company as a responsible corporate citizen by proactively addressing the issue of forced, convict, or illegal child labor in its supply chain. By adopting the outlined initiatives, J.C. Penney can reinforce its commitment to ethical sourcing practices and become an industry leader in ensuring the protection of human rights and labor standards.