Nike Shareholders Reject Supply Chain Transparency Proposal ...

Nike shareholders rejected a proposal that would have required the company to evaluate the effectiveness of its supply chain due diligence efforts. The proposal also called for Nike to disclose metrics on forced labor and wage theft risks, consider implementing human rights clauses, and assess the impact of its findings on company policies. Shareholders voted against the proposal, with Nike defending its commitment to ethical practices and its code of conduct. Activists argue that traditional codes of conduct place too much burden on suppliers and overlook Nike's own responsibility in upholding human rights.

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Frequently Asked Questions

Q: What proposal did Nike shareholders reject?

A: Nike shareholders rejected the proposal for supply chain transparency. [Link 3]

Q: Who brought forth the supply chain transparency proposal?

A: The supply chain transparency proposal was brought forth by the activist shareholder platform Tulipshare. [Link 3]

Q: What did the supply chain transparency proposal suggest?

A: The supply chain transparency proposal suggested that Nike engage with garment worker unions representing Nike supply chain workers and provide more transparency about the impacts on those workers, in accordance with the OECD guidelines. [Link 3]

Q: What other proposals did Nike investors reject?

A: Nike investors also rejected a pay equity proposal and a proposal regarding human rights. [Link 1]

Q: What pressure has Nike faced regarding transparency in its supply chain?

A: Nike has faced growing pressure for more transparency into its supply chain. [Link 2]