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The resolution asks the Board of Directors to prepare
at reasonable expense a report on Vendor Standards compliance
mechanisms and progress in achieving compliance for
its vendors, subcontractors and buying agents in the
countries where it sources. A summary of the results
should be reported to shareholders by October 2001.
Nordstrom’s products are manufactured in a global economy
where costs are kept down because suppliers often operate
in areas where labor rights are not respected, health,
safety and environmental regulations are not enforced,
and extremely low wages are the norm. But membership
in this global economy bears responsibilities as well.
The proponents wish to protect Nordstrom’s brand
name and avoid costs to the company that can stem from
abusive contract labor conditions in facilities producing
for Nordstrom.
Shareholders need the company to report on the specific
actions it has taken to comply with its contract labor
code. The company should periodically report to shareholders,
explaining how contract suppliers are monitored, how
often facilities are inspected, the number of facilities
that fail audits, the most prevalent types of violations,
steps taken to work with problematic vendors to achieve
compliance, and contracts ended for noncompliance.
Please send a message to management to protect Nordstrom’s
brand name: Vote FOR Resolution #4!
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