New York 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: New York Stockholder Proposal of J.C. Penney Co., Inc.: Eliminating Unethical Labor Practices with Foreign Suppliers Introduction: The New York Stockholder Proposal of J.C. Penney Co., Inc. aims to address and prohibit the company from engaging in business with foreign suppliers implicated in the use of forced, convict, or illegal child labor. This proposal has multiple variations, each highlighting different aspects of the concern. In the following sections, we will explore these proposals in detail. 1. Enhanced Supply Chain Transparency: J.C. Penney's stockholder proposal focuses on the need for enhanced supply chain transparency, ensuring that the company avoids any association with foreign suppliers involved in forced, convict, or illegal child labor. By demanding increased visibility into their supply chain, stockholders seek to gain insights into the origin and production processes of products before they reach J.C. Penney stores. 2. Supplier Code of Conduct Implementation: This variation of the stockholder proposal calls upon J.C. Penney Co., Inc. to adopt a comprehensive and enforceable supplier code of conduct. The proposed code of conduct would explicitly prohibit any involvement, direct or indirect, with foreign suppliers who engage in forced, convict, or illegal child labor practices. Additionally, it would emphasize the need for regular audits to ensure compliance with the set guidelines. 3. Expansion of Due Diligence Measures: The stockholder proposal regarding the expansion of due diligence measures aims to strengthen J.C. Penney's existing efforts to prohibit business dealings with suppliers involved in unethical labor practices. It suggests that the company should assess potential suppliers more rigorously, scrutinizing their employment processes and ensuring there are no links to forced, convict, or illegal child labor. This proposal also encourages increasing the frequency of audits to maintain a higher level of accountability. 4. Collaboration with International Labor Rights Organizations: This variation of the stockholder proposal highlights the importance of collaborating with international labor rights organizations, particularly those focused on eradicating forced, convict, and illegal child labor. By creating partnerships, J.C. Penney Co., Inc. can leverage the expertise and knowledge of these organizations to identify problematic suppliers and establish preventive measures to eliminate unethical labor practices from its supply chain. 5. Supplier Remedy Mechanism Implementation: This proposal centers on establishing a robust supplier remedy mechanism that allows concerned stakeholders, including employees and individuals affected by forced, convict, or child labor practices, to report violations and seek redress. The stockholder proposal emphasizes the clear communication of this mechanism to suppliers and workers within the supply chain, underscoring J.C. Penney's commitment to addressing any grievances promptly. Conclusion: The New York Stockholder Proposal of J.C. Penney Co., Inc. pertaining to avoiding business with foreign suppliers engaged in forced, convict, or illegal child labor encompasses several variations. By adopting measures such as enhanced supply chain transparency, implementing a supplier code of conduct, expanding due diligence, collaborating with labor rights organizations, and establishing a supplier remedy mechanism, J.C. Penney strives to foster responsible, ethical, and socially conscious business practices throughout its global supply chain.

Title: New York Stockholder Proposal of J.C. Penney Co., Inc.: Eliminating Unethical Labor Practices with Foreign Suppliers Introduction: The New York Stockholder Proposal of J.C. Penney Co., Inc. aims to address and prohibit the company from engaging in business with foreign suppliers implicated in the use of forced, convict, or illegal child labor. This proposal has multiple variations, each highlighting different aspects of the concern. In the following sections, we will explore these proposals in detail. 1. Enhanced Supply Chain Transparency: J.C. Penney's stockholder proposal focuses on the need for enhanced supply chain transparency, ensuring that the company avoids any association with foreign suppliers involved in forced, convict, or illegal child labor. By demanding increased visibility into their supply chain, stockholders seek to gain insights into the origin and production processes of products before they reach J.C. Penney stores. 2. Supplier Code of Conduct Implementation: This variation of the stockholder proposal calls upon J.C. Penney Co., Inc. to adopt a comprehensive and enforceable supplier code of conduct. The proposed code of conduct would explicitly prohibit any involvement, direct or indirect, with foreign suppliers who engage in forced, convict, or illegal child labor practices. Additionally, it would emphasize the need for regular audits to ensure compliance with the set guidelines. 3. Expansion of Due Diligence Measures: The stockholder proposal regarding the expansion of due diligence measures aims to strengthen J.C. Penney's existing efforts to prohibit business dealings with suppliers involved in unethical labor practices. It suggests that the company should assess potential suppliers more rigorously, scrutinizing their employment processes and ensuring there are no links to forced, convict, or illegal child labor. This proposal also encourages increasing the frequency of audits to maintain a higher level of accountability. 4. Collaboration with International Labor Rights Organizations: This variation of the stockholder proposal highlights the importance of collaborating with international labor rights organizations, particularly those focused on eradicating forced, convict, and illegal child labor. By creating partnerships, J.C. Penney Co., Inc. can leverage the expertise and knowledge of these organizations to identify problematic suppliers and establish preventive measures to eliminate unethical labor practices from its supply chain. 5. Supplier Remedy Mechanism Implementation: This proposal centers on establishing a robust supplier remedy mechanism that allows concerned stakeholders, including employees and individuals affected by forced, convict, or child labor practices, to report violations and seek redress. The stockholder proposal emphasizes the clear communication of this mechanism to suppliers and workers within the supply chain, underscoring J.C. Penney's commitment to addressing any grievances promptly. Conclusion: The New York Stockholder Proposal of J.C. Penney Co., Inc. pertaining to avoiding business with foreign suppliers engaged in forced, convict, or illegal child labor encompasses several variations. By adopting measures such as enhanced supply chain transparency, implementing a supplier code of conduct, expanding due diligence, collaborating with labor rights organizations, and establishing a supplier remedy mechanism, J.C. Penney strives to foster responsible, ethical, and socially conscious business practices throughout its global supply chain.