Wake North Carolina 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: Wake North Carolina, Stockholder proposal, J.C. Penney Co., Inc., foreign suppliers, forced labor, convict labor, illegal child labor 1. Overview: The Wake North Carolina Stockholder Proposal of J.C. Penney Co., Inc. addresses the company's responsibility to prevent engaging with foreign suppliers who exploit labor through forced, convict, or illegal child labor practices. This proposal emphasizes the need for J.C. Penney Co., Inc. to enforce ethical and socially responsible practices throughout its supply chain. 2. Importance of Ethical Sourcing: Wake North Carolina's stockholders recognize the importance of ethically sourcing products and believe that J.C. Penney Co., Inc. should prioritize fair labor practices across their global supply chain. The proposal aims to ensure that foreign suppliers meet rigorous standards and respect human rights, particularly by avoiding forced labor, convict labor, or illegal child labor. 3. Scope and Implementation: The Wake North Carolina Stockholder Proposal urges J.C. Penney Co., Inc. to develop a comprehensive policy that prohibits doing business with foreign suppliers engaging in forced, convict, or illegal child labor practices. The proposal suggests the implementation of strict due diligence processes to thoroughly vet suppliers and actively monitor their compliance with ethical labor standards. 4. Reporting and Transparency: The proposed stockholder resolution requests J.C. Penney Co., Inc. to provide detailed annual reports on its efforts to identify and eliminate forced, convict, and illegal child labor from its supply chain. These reports should detail the measures taken, progress made, and any challenges faced during the implementation of the policy. This transparency will help shareholders and stakeholders assess the company's commitment to responsible sourcing. 5. Considerations for Different Types of Labor Exploitation: If there are different types of Wake North Carolina 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, they may include specific recommendations or actions for addressing each type of labor exploitation individually. For example, the proposal may outline different measures for addressing forced labor, convict labor, and illegal child labor, recognizing the unique issues associated with each practice. In conclusion, the Wake North Carolina Stockholder Proposal of J.C. Penney Co., Inc. emphasizes the need for the company to adopt and enforce strict policies against forced, convict, or illegal child labor among its foreign suppliers. By complying with this proposal, J.C. Penney Co., Inc. can demonstrate its dedication to ethical sourcing and responsible business practices.
Wake North Carolina 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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