Harris Texas 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
• County: Harris
• 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: Harris Texas Stockholder Proposal of J.C. Penney Co. Inc. for Ethical Supply Chain Practices Introduction: Harris Texas, a stockholder of J.C. Penney Co., Inc., has put forward a significant proposal to ensure the company adheres to high ethical standards in its supply chain. The proposal aims to prevent J.C. Penney from engaging with foreign suppliers known to employ forced labor, convict labor, or employ children illegally. By implementing this policy, J.C. Penney can reinforce its commitment to corporate social responsibility and contribute to the eradication of exploitative labor practices. Key Proposal Details: 1. Preventing Business with Forced Labor Suppliers: Harris Texas's stockholder proposal calls for an improved due diligence process that actively identifies and avoids conducting business with foreign suppliers involved in forced labor. This proposal ascertains that the company takes necessary measures to prevent any association with suppliers engaging in such violations of human rights. 2. Avoiding Business with Convict Labor Suppliers: The proposal entails a comprehensive screening mechanism to identify suppliers known to employ convict labor. It requires J.C. Penney to take immediate action to cease all business relations with such suppliers, ensuring they are not supported through the company's supply chain. 3. Preventing Business with Suppliers Involving Illegal Child Labor: Harris Texas's proposal emphasizes the importance of prohibiting any business interactions with foreign suppliers that exploit illegal child labor practices. J.C. Penney is encouraged to adopt stringent measures to identify and eradicate any instances of child labor within its supply chain, promoting a child labor-free environment while encouraging transparency and accountability. Benefits and Rationale: 1. Upholding Corporate Social Responsibility: By adopting the proposed measures, J.C. Penney can demonstrate its commitment to ethical business practices and becoming a responsible corporate citizen in promoting dignified labor conditions worldwide. This helps foster a positive brand image and maintain consumer loyalty. 2. Avoiding Risk and Reputational Damage: By not doing business with suppliers engaged in forced labor, convict labor, or child labor, J.C. Penney minimizes the risk of legal and reputational repercussions. A strong stance against these practices safeguards the brand's reputation and protects J.C. Penney from potential negative publicity and consumer backlash. 3. Encouraging Sustainable Supply Chain Practices: Implementing this proposal sets a precedent within the retail industry, driving positive change and encouraging suppliers to adopt ethical labor practices. By complying with this responsibility, J.C. Penney can contribute to efforts against exploitation and promote sustainable supply chain practices. Conclusion: Harris Texas's stockholder proposal for J.C. Penney Co., Inc. focuses on ensuring the company disengages from business relations with foreign suppliers involved in forced labor, convict labor, or illegal child labor. Adhering to these principles helps J.C. Penney uphold its corporate social responsibility, safeguard its reputation, and instigate positive change within the retail industry. By implementing the proposal, J.C. Penney can reaffirm its commitment to ethical supply chain practices and contribute to the eradication of exploitative labor practices worldwide.

Title: Harris Texas Stockholder Proposal of J.C. Penney Co. Inc. for Ethical Supply Chain Practices Introduction: Harris Texas, a stockholder of J.C. Penney Co., Inc., has put forward a significant proposal to ensure the company adheres to high ethical standards in its supply chain. The proposal aims to prevent J.C. Penney from engaging with foreign suppliers known to employ forced labor, convict labor, or employ children illegally. By implementing this policy, J.C. Penney can reinforce its commitment to corporate social responsibility and contribute to the eradication of exploitative labor practices. Key Proposal Details: 1. Preventing Business with Forced Labor Suppliers: Harris Texas's stockholder proposal calls for an improved due diligence process that actively identifies and avoids conducting business with foreign suppliers involved in forced labor. This proposal ascertains that the company takes necessary measures to prevent any association with suppliers engaging in such violations of human rights. 2. Avoiding Business with Convict Labor Suppliers: The proposal entails a comprehensive screening mechanism to identify suppliers known to employ convict labor. It requires J.C. Penney to take immediate action to cease all business relations with such suppliers, ensuring they are not supported through the company's supply chain. 3. Preventing Business with Suppliers Involving Illegal Child Labor: Harris Texas's proposal emphasizes the importance of prohibiting any business interactions with foreign suppliers that exploit illegal child labor practices. J.C. Penney is encouraged to adopt stringent measures to identify and eradicate any instances of child labor within its supply chain, promoting a child labor-free environment while encouraging transparency and accountability. Benefits and Rationale: 1. Upholding Corporate Social Responsibility: By adopting the proposed measures, J.C. Penney can demonstrate its commitment to ethical business practices and becoming a responsible corporate citizen in promoting dignified labor conditions worldwide. This helps foster a positive brand image and maintain consumer loyalty. 2. Avoiding Risk and Reputational Damage: By not doing business with suppliers engaged in forced labor, convict labor, or child labor, J.C. Penney minimizes the risk of legal and reputational repercussions. A strong stance against these practices safeguards the brand's reputation and protects J.C. Penney from potential negative publicity and consumer backlash. 3. Encouraging Sustainable Supply Chain Practices: Implementing this proposal sets a precedent within the retail industry, driving positive change and encouraging suppliers to adopt ethical labor practices. By complying with this responsibility, J.C. Penney can contribute to efforts against exploitation and promote sustainable supply chain practices. Conclusion: Harris Texas's stockholder proposal for J.C. Penney Co., Inc. focuses on ensuring the company disengages from business relations with foreign suppliers involved in forced labor, convict labor, or illegal child labor. Adhering to these principles helps J.C. Penney uphold its corporate social responsibility, safeguard its reputation, and instigate positive change within the retail industry. By implementing the proposal, J.C. Penney can reaffirm its commitment to ethical supply chain practices and contribute to the eradication of exploitative labor practices worldwide.