North Dakota 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. Title: North Dakota Stockholder Proposal of J.C. Penney Co., Inc. Ensuring Ethical Supply Chain Practices Keywords: North Dakota, Stockholder Proposal, J.C. Penney Co., Inc., foreign suppliers, forced labor, convict labor, illegal child labor, ethical supply chain Introduction: In response to growing concerns about unethical labor practices in global supply chains, the North Dakota Stockholders of J.C. Penney Co., Inc. have put forth a proposal to ensure that the company does not engage in business with foreign suppliers involved in the use of forced labor, convict labor, or illegal child labor. This proposal seeks to promote ethical supply chain management and protect human rights, while supporting fair business practices. Objective: The primary objective of the North Dakota Stockholder Proposal is to establish stringent measures that require J.C. Penney Co., Inc. to actively monitor and engage only with suppliers who adhere to labor laws, commit to fair employment practices, and reject the use of forced, convict, or illegal child labor. Main Provisions of the Proposal: 1. Enhanced Due Diligence: J.C. Penney Co., Inc. will be required to conduct thorough background checks and due diligence on all potential foreign suppliers. This process aims to identify any suppliers associated with forced labor, convict labor, or illegal child labor and subsequently exclude them from the company's supply chain. 2. Supply Chain Auditing: Regular auditing of the company's supply chain by independent third-party organizations will be mandatory. These audits will assess compliance with labor laws and evaluate the working conditions in supplier facilities, ensuring zero tolerance for forced or child labor practices. 3. Adoption of Stringent Vendor Code of Conduct: J.C. Penney Co., Inc. will be required to establish a comprehensive and robust vendor code of conduct, explicitly stating the prohibition of forced labor, convict labor, or illegal child labor. The code will be applicable to all suppliers and contractors, who must acknowledge and adhere to its provisions. 4. Transparency and Reporting: To ensure accountability, the company will be obligated to maintain transparent disclosure regarding its supply chain practices. Regular reporting, both public and internal, will be necessary, showcasing efforts made in evaluating and mitigating any identified labor rights violations. 5. Collaborative Efforts: J.C. Penney Co., Inc. will actively participate in industry initiatives, partnerships, or multi-stakeholder coalitions aimed at eradicating forced labor, convict labor, and illegal child labor. Collaborative efforts will ensure the exchange of best practices, sharing of resources, and effective collective action against unethical labor practices. Additional North Dakota Stockholder Proposals: Apart from the primary proposal outlined above, there may be variations or supplementary proposals related to ensuring ethical supply chain practices. These may include proposals regarding: 1. Sustainable Sourcing: Encouraging J.C. Penney Co., Inc. to prioritize partnerships with suppliers who follow sustainable sourcing practices, such as fair trade certifications, environmentally friendly production, and responsible resource management. 2. Human Rights Advocacy: Urging the company to advocate for human rights and workers' rights both within its supply chain and in the broader industry. This may involve supporting legislative changes, understanding geopolitical risks, and engaging in campaigns to raise awareness about forced, convict, or child labor. 3. Supply Chain Risk Management: Proposals aimed at implementing robust systems to identify and mitigate potential risks within the supply chain, such as regular risk assessments, contingency planning, and diversification of suppliers. Conclusion: The North Dakota Stockholder Proposal of J.C. Penney Co., Inc. showcases the stakeholders' commitment to promoting ethical supply chain practices, ensuring the elimination of forced labor, convict labor, and illegal child labor. By adopting these proposals, the company can enhance its reputation, bolster consumer trust, and contribute to a fair and sustainable global trading environment.

Title: North Dakota Stockholder Proposal of J.C. Penney Co., Inc. Ensuring Ethical Supply Chain Practices Keywords: North Dakota, Stockholder Proposal, J.C. Penney Co., Inc., foreign suppliers, forced labor, convict labor, illegal child labor, ethical supply chain Introduction: In response to growing concerns about unethical labor practices in global supply chains, the North Dakota Stockholders of J.C. Penney Co., Inc. have put forth a proposal to ensure that the company does not engage in business with foreign suppliers involved in the use of forced labor, convict labor, or illegal child labor. This proposal seeks to promote ethical supply chain management and protect human rights, while supporting fair business practices. Objective: The primary objective of the North Dakota Stockholder Proposal is to establish stringent measures that require J.C. Penney Co., Inc. to actively monitor and engage only with suppliers who adhere to labor laws, commit to fair employment practices, and reject the use of forced, convict, or illegal child labor. Main Provisions of the Proposal: 1. Enhanced Due Diligence: J.C. Penney Co., Inc. will be required to conduct thorough background checks and due diligence on all potential foreign suppliers. This process aims to identify any suppliers associated with forced labor, convict labor, or illegal child labor and subsequently exclude them from the company's supply chain. 2. Supply Chain Auditing: Regular auditing of the company's supply chain by independent third-party organizations will be mandatory. These audits will assess compliance with labor laws and evaluate the working conditions in supplier facilities, ensuring zero tolerance for forced or child labor practices. 3. Adoption of Stringent Vendor Code of Conduct: J.C. Penney Co., Inc. will be required to establish a comprehensive and robust vendor code of conduct, explicitly stating the prohibition of forced labor, convict labor, or illegal child labor. The code will be applicable to all suppliers and contractors, who must acknowledge and adhere to its provisions. 4. Transparency and Reporting: To ensure accountability, the company will be obligated to maintain transparent disclosure regarding its supply chain practices. Regular reporting, both public and internal, will be necessary, showcasing efforts made in evaluating and mitigating any identified labor rights violations. 5. Collaborative Efforts: J.C. Penney Co., Inc. will actively participate in industry initiatives, partnerships, or multi-stakeholder coalitions aimed at eradicating forced labor, convict labor, and illegal child labor. Collaborative efforts will ensure the exchange of best practices, sharing of resources, and effective collective action against unethical labor practices. Additional North Dakota Stockholder Proposals: Apart from the primary proposal outlined above, there may be variations or supplementary proposals related to ensuring ethical supply chain practices. These may include proposals regarding: 1. Sustainable Sourcing: Encouraging J.C. Penney Co., Inc. to prioritize partnerships with suppliers who follow sustainable sourcing practices, such as fair trade certifications, environmentally friendly production, and responsible resource management. 2. Human Rights Advocacy: Urging the company to advocate for human rights and workers' rights both within its supply chain and in the broader industry. This may involve supporting legislative changes, understanding geopolitical risks, and engaging in campaigns to raise awareness about forced, convict, or child labor. 3. Supply Chain Risk Management: Proposals aimed at implementing robust systems to identify and mitigate potential risks within the supply chain, such as regular risk assessments, contingency planning, and diversification of suppliers. Conclusion: The North Dakota Stockholder Proposal of J.C. Penney Co., Inc. showcases the stakeholders' commitment to promoting ethical supply chain practices, ensuring the elimination of forced labor, convict labor, and illegal child labor. By adopting these proposals, the company can enhance its reputation, bolster consumer trust, and contribute to a fair and sustainable global trading environment.