The Lima Arizona Stockholder proposal of J.C. Penney Co., Inc. aims to address concerns regarding the sourcing practices of the company. The proposal specifically focuses on ensuring that J.C. Penney does not engage in business collaborations with foreign suppliers who exploit forced, convict, or illegal child labor. By implementing this proposal, the company aims to uphold ethical standards, promote responsible sourcing, and protect vulnerable individuals from labor abuses. Keywords: Lima Arizona Stockholder proposal, J.C. Penney Co., Inc., foreign suppliers, forced labor, convict labor, illegal child labor, ethical standards, responsible sourcing, labor abuses. Alternate types of Lima Arizona Stockholder proposal regarding ensuring companies do not engage with unethical suppliers: 1. Proposal for Investor Due Diligence: This proposal emphasizes the need for J.C. Penney to conduct thorough due diligence on potential foreign suppliers to ensure they do not employ or support forced, convict, or illegal child labor. The company would be required to implement rigorous vetting processes to prevent unethical practices in its supply chain. 2. Supply Chain Transparency Initiative: This proposal suggests that J.C. Penney should develop a comprehensive transparency program to disclose information about its suppliers, including their labor practices. By providing greater transparency, the company can enhance accountability and enable stakeholders to make informed decisions, reinforcing the commitment to avoid business associations with suppliers employing forced, convict, or illegal child labor. 3. Implementation of Supplier Code of Conduct: This proposal recommends the development and implementation of a robust supplier code of conduct that explicitly prohibits any association with foreign suppliers involved in forced, convict, or illegal child labor practices. The code of conduct would outline the expectations and standards that suppliers must adhere to, ensuring ethical practices throughout the supply chain. 4. Independent Audits for Compliance: This proposal suggests that J.C. Penney should employ independent third-party auditors to regularly assess and verify the compliance of its suppliers with the company's policies regarding forced, convict, and illegal child labor. Audits would help identify any violations and facilitate necessary corrective actions, ensuring that the company does not engage with unethical suppliers. 5. Stakeholder Collaboration: This proposal emphasizes the importance of engaging stakeholders, including investors, workers' rights organizations, and consumers, in the decision-making process. It suggests establishing a stakeholder working group to provide ongoing feedback, guidance, and oversight on the company's efforts to ensure ethical sourcing practices. Collaboration with relevant stakeholders can enhance the effectiveness and credibility of the company's commitment to not do business with suppliers implicated in labor abuses.
Pima Arizona 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
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