Shareholders voted in Moeller and members of the governance and public responsibility committee for another one-year term, the company says, citing preliminary results
P&G last year dropped a pledge from its corporate policy to not buy pulp, an essential material for products such as Charmin toilet paper and Bounty paper towels, from degraded forests.Descendants of Procter & Gamble’s founders lost a bid on Tuesday to oust CEO Jon Moeller and members of the committee overseeing environmental sustainability for allegedly failing to manage deforestation risks in the consumer goods maker’s supply chain.
The descendants asked shareholders last month to vote out the executives, saying that P&G, one of the world’s biggest buyers of wood pulp, has not managed risks related to forest degradation and deforestation in its supply chain. In the last year, some of the descendants tried meeting with P&G’s management and board to strengthen its forest policy but they “declined to engage,” according to the letter to shareholders filed with market regulators.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bid by P&G founders' descendants to oust CEO, board committee failsDescendants of Procter & Gamble's founders lost a bid on Tuesday to oust CEO Jon Moeller and members of the committee overseeing environmental sustainability...
Read more »
Whole Foods CEO talks growth strategy amid inflation: Opening BidWhole Foods CEO Jason Buechel has faced significant challenges since succeeding iconic founder John Mackey in 2022. He has led the organic grocer through...
Read more »
Tradeweb CEO talks AI's impact on investing: Opening BidIf you've never heard of Tradeweb Markets (TW), don't be too hard on yourself—but do make a mental note for the future. This company deserves your attention,...
Read more »
Commerzbank Names Orlopp as CEO as Possible UniCredit Bid Looms(Bloomberg) -- Commerzbank AG appointed Bettina Orlopp to replace departing Chief Executive Officer Manfred Knof as it contends with a possible takeover...
Read more »
Jon Bon Jovi Helps Talk Woman Off Bridge Ledge And Gives Her A HugRon Dicker is a general assignment reporter at HuffPost. He has covered sports, entertainment and many other beats in his journalism career, and has lived in New York City for more than 20 years.
Read more »
Jon Stewart mocks Elon Musk, takes swipe at ‘reckless’ Trump rally claims'He’s acting like a guy who won a radio contest. 'Oh, I can’t believe I get to bid on the washer-dryer!”' Jon Stewart said, mocking Elon Musk.
Read more »