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conduct for its overseas suppliers. The proposal seeks
to increase management’s level of accountability to
shareholders in these important areas of corporate performance.
The proposal was prompted by serious concerns shared
by both consumers and shareholders about whether low
wages and abusive working conditions exist in McDonald’s
contract supplier facilities. For example, the company
purchases goods produced in countries like China where
human rights abuses and unfair labor practices have
been well documented.
Both social and financial criteria should be factors
in determining compensation packages for top corporate
officers. Too often, top executives receive increases
in compensation packages even when social performance
is mediocre or poor.
The proponents believe shareholders should challenge
executive pay packages that reward poor social or financial
corporate performance. For example, the company should
consider whether top officers' pay for a given year
should be reduced if the company is faced with consumer
boycotts or public relations problems because it inadequately
monitored compliance of its suppliers' code of conduct.
Please send a message to McDonald’s management that
executive pay should be linked in part to performance
on social and environmental issues.
Vote FOR Item No. 5.
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