Resolution from BC General Employees’ Union follows complaints about workplace conditions from factory workers in Honduras, including debilitating quotas and long workdays
Factory workers line up outside a textile factory at the start of the day shift in the industrial sector where transnational textile companies, such as Gildan, operate their plants in Choloma, Honduras, on May 9.human-rights and labour record abroad is the one unknown heading into the company’s annual meeting in Montreal on Tuesday.en masse, ensuring that company co-founder Glenn Chamandy will return as chief executive officer.
“Shareholder resolutions by their very nature are advisory,” she said. “They are essentially a litmus test of investor sentiment, investor confidence in management, and when a sizable proportion of investors – which doesn’t need to be a majority – vote in favour of a resolution, it is often enough to signal to the company that this issue warrants further examination.”
“A lot revolves around concerns related to reputational risks. A negative headline can have a negative effect on share price,” he said. “But just as important, there is an ethical case to be made.
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