Reported 29 days ago
Nike shareholders voted against a proposal aimed at enhancing workers' rights in high-risk countries during the recent annual meeting. The proposal, supported by a group of investors including Domini Impact Equity Fund, sought binding agreements with supply chain workers to address human rights concerns. This follows a previous attempt that was similarly rejected last year, with Nike's board recommending against the measures, stating it has established sufficient controls for labor issues in its supply chain.
Source: YAHOO