Philadelphia Pennsylvania 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: Philadelphia
• 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. Philadelphia Pennsylvania Stockholder Proposal of J.C. Penney Co., Inc. regarding ensuring the company does not do business with foreign suppliers who use forced, convict, or illegal child labor is an important initiative aimed at promoting ethical sourcing practices in the company's supply chain. This proposal is in line with J.C. Penney's commitment to corporate social responsibility and upholding human rights standards. The Philadelphia Pennsylvania Stockholder proposal encompasses various strategies to address the issue effectively. Some key keywords associated with this proposal include: 1. Ethical sourcing: J.C. Penney's stockholders propose measures to ensure the company sources its products from suppliers who adhere to strict standards prohibiting forced, convict, or illegal child labor. 2. Supply chain transparency: The stockholder proposal calls for increased transparency across the supply chain to identify and eliminate any suppliers involved in unethical labor practices. 3. Risk assessment: The proposal suggests conducting thorough assessments to identify potential risks of forced labor or child labor in the supply chain, especially related to foreign suppliers. 4. Supplier code of conduct: J.C. Penney's stockholders propose the establishment of a comprehensive code of conduct for all suppliers, explicitly prohibiting the use of forced, convict, or illegal child labor, and imposing strict consequences for non-compliance. 5. Supplier audits and monitoring: The stockholder proposal advocates for regular audits of suppliers to ensure compliance with ethical labor standards. Continuous monitoring can help detect any violations and allow for necessary action to be taken. By prioritizing these initiatives, J.C. Penney will strive to eliminate any association with suppliers involved in forced, convict, or illegal child labor. This commitment helps protect human rights and ensure that the products offered by the company are sourced ethically, resonating with the values and expectations of both stockholders and customers alike. It's important to note that there might be different versions or variations of this stockholder proposal, each with its unique approach or emphasis. However, the core objective remains the same — to prevent J.C. Penney from engaging in business with foreign suppliers who exploit forced, convict, or illegal child labor.

Philadelphia Pennsylvania Stockholder Proposal of J.C. Penney Co., Inc. regarding ensuring the company does not do business with foreign suppliers who use forced, convict, or illegal child labor is an important initiative aimed at promoting ethical sourcing practices in the company's supply chain. This proposal is in line with J.C. Penney's commitment to corporate social responsibility and upholding human rights standards. The Philadelphia Pennsylvania Stockholder proposal encompasses various strategies to address the issue effectively. Some key keywords associated with this proposal include: 1. Ethical sourcing: J.C. Penney's stockholders propose measures to ensure the company sources its products from suppliers who adhere to strict standards prohibiting forced, convict, or illegal child labor. 2. Supply chain transparency: The stockholder proposal calls for increased transparency across the supply chain to identify and eliminate any suppliers involved in unethical labor practices. 3. Risk assessment: The proposal suggests conducting thorough assessments to identify potential risks of forced labor or child labor in the supply chain, especially related to foreign suppliers. 4. Supplier code of conduct: J.C. Penney's stockholders propose the establishment of a comprehensive code of conduct for all suppliers, explicitly prohibiting the use of forced, convict, or illegal child labor, and imposing strict consequences for non-compliance. 5. Supplier audits and monitoring: The stockholder proposal advocates for regular audits of suppliers to ensure compliance with ethical labor standards. Continuous monitoring can help detect any violations and allow for necessary action to be taken. By prioritizing these initiatives, J.C. Penney will strive to eliminate any association with suppliers involved in forced, convict, or illegal child labor. This commitment helps protect human rights and ensure that the products offered by the company are sourced ethically, resonating with the values and expectations of both stockholders and customers alike. It's important to note that there might be different versions or variations of this stockholder proposal, each with its unique approach or emphasis. However, the core objective remains the same — to prevent J.C. Penney from engaging in business with foreign suppliers who exploit forced, convict, or illegal child labor.