Los Angeles California 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: Los Angeles
• 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. Los Angeles California 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 Keywords: Los Angeles California, stockholder proposal, J.C. Penney Co., Inc., forced labor, convict labor, illegal child labor Introduction: The Los Angeles California Stockholder Proposal of J.C. Penney Co., Inc. aims to prioritize ethical sourcing practices by urging the company to prohibit business transactions with foreign suppliers engaged in forced labor, convict labor, and illegal child labor. This proposal emphasizes the importance of responsible and socially conscious business practices in the global supply chain. J.C. Penney, as a prominent international retailer, should uphold the highest standards of labor rights, ensuring fair and ethical treatment of workers. Proposal Overview: The proposal seeks to address the following issues: 1. Forced Labor: J.C. Penney Co., Inc. should commit to a zero-tolerance policy against suppliers who employ forced labor or coercive practices. The company must ensure that their suppliers adhere to internationally recognized labor standards as defined by organizations like the International Labor Organization (ILL) and the United Nations. 2. Convict Labor: This proposal urges J.C. Penney Co., Inc. to refrain from engaging in business relations with suppliers employing convict labor. Prison labor practices can negatively impact workers' rights, rehabilitation efforts, and contribute to perpetuating cycles of poverty and exploitation. 3. Illegal Child Labor: The proposal demands that J.C. Penney Co., Inc. actively monitor their supply chains to prevent any association with suppliers exploiting child labor. The company should adopt strict policies and due diligence frameworks aimed at identifying and eliminating any instances of illegal child labor within their supply chain. Benefits and Implications: By adopting this stockholder proposal, J.C. Penney Co., Inc. stands to benefit in the following ways: 1. Improved Corporate Social Responsibility (CSR): Upholding ethical sourcing practices and ensuring responsible labor standards will enhance the company's public image and reputation. Customers value brands that prioritize social and environmental concerns when making purchasing decisions. 2. Mitigation of Legal Risks: By avoiding business dealings with suppliers involved in forced labor, convict labor, or illegal child labor, J.C. Penney Co., Inc. eliminates the potential legal complications and reputational risks associated with such practices. 3. Positive Impact on Workers: Committing to fair labor practices safeguards workers' rights and contributes to the betterment of local and global communities. J.C. Penney Co., Inc. can play a significant role in eradicating exploitation and improving labor conditions across the supply chain. Conclusion: The Los Angeles California Stockholder Proposal of J.C. Penney Co., Inc. emphasizes the crucial need for the company to demonstrate its unwavering commitment to ethical business practices. By formally adopting this proposal, not only can J.C. Penney Co., Inc. enhance its public image and CSR initiatives, but it can also contribute to positive change in the fight against forced labor, convict labor, and illegal child labor. Upholding the rights and dignity of workers should be a priority for any responsible global business leader.

Los Angeles California 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 Keywords: Los Angeles California, stockholder proposal, J.C. Penney Co., Inc., forced labor, convict labor, illegal child labor Introduction: The Los Angeles California Stockholder Proposal of J.C. Penney Co., Inc. aims to prioritize ethical sourcing practices by urging the company to prohibit business transactions with foreign suppliers engaged in forced labor, convict labor, and illegal child labor. This proposal emphasizes the importance of responsible and socially conscious business practices in the global supply chain. J.C. Penney, as a prominent international retailer, should uphold the highest standards of labor rights, ensuring fair and ethical treatment of workers. Proposal Overview: The proposal seeks to address the following issues: 1. Forced Labor: J.C. Penney Co., Inc. should commit to a zero-tolerance policy against suppliers who employ forced labor or coercive practices. The company must ensure that their suppliers adhere to internationally recognized labor standards as defined by organizations like the International Labor Organization (ILL) and the United Nations. 2. Convict Labor: This proposal urges J.C. Penney Co., Inc. to refrain from engaging in business relations with suppliers employing convict labor. Prison labor practices can negatively impact workers' rights, rehabilitation efforts, and contribute to perpetuating cycles of poverty and exploitation. 3. Illegal Child Labor: The proposal demands that J.C. Penney Co., Inc. actively monitor their supply chains to prevent any association with suppliers exploiting child labor. The company should adopt strict policies and due diligence frameworks aimed at identifying and eliminating any instances of illegal child labor within their supply chain. Benefits and Implications: By adopting this stockholder proposal, J.C. Penney Co., Inc. stands to benefit in the following ways: 1. Improved Corporate Social Responsibility (CSR): Upholding ethical sourcing practices and ensuring responsible labor standards will enhance the company's public image and reputation. Customers value brands that prioritize social and environmental concerns when making purchasing decisions. 2. Mitigation of Legal Risks: By avoiding business dealings with suppliers involved in forced labor, convict labor, or illegal child labor, J.C. Penney Co., Inc. eliminates the potential legal complications and reputational risks associated with such practices. 3. Positive Impact on Workers: Committing to fair labor practices safeguards workers' rights and contributes to the betterment of local and global communities. J.C. Penney Co., Inc. can play a significant role in eradicating exploitation and improving labor conditions across the supply chain. Conclusion: The Los Angeles California Stockholder Proposal of J.C. Penney Co., Inc. emphasizes the crucial need for the company to demonstrate its unwavering commitment to ethical business practices. By formally adopting this proposal, not only can J.C. Penney Co., Inc. enhance its public image and CSR initiatives, but it can also contribute to positive change in the fight against forced labor, convict labor, and illegal child labor. Upholding the rights and dignity of workers should be a priority for any responsible global business leader.