Tag: National Center for Public Policy Research

Ford Shareholders Reject Proposal to Audit Child Labor in Electric Vehicle Supply Chain

Admin
Ford electric vehicles

Shareholders at auto manufacturing giant Ford Motor Co. voted down a proposal Thursday requiring that a report be compiled on the use of child labor in its electric vehicle (EV) line.

The proposal, which was presented by the National Center for Public Policy Research (NCPPR) at Ford’s annual shareholder meeting, called for Ford to report to shareholders the extent to which the company’s EV supply chain involves, depends or relies on child labor outside of the U.S., according to Ford’s proxy statement. The NCPPR called for the report due to the prevalence of child labor in the harvesting of the components used to craft EVs, particularly cobalt, which is commonly sourced from the Democratic Republic of the Congo (DRC).

Read the full story

Appeals Court Shoots Down Challenges to Nasdaq Rule Requiring Companies to Have at Least Two ‘Diverse’ Board Members

Admin

A federal appeals court rejected challenges Wednesday to a Nasdaq rule mandating that companies listed on the exchange have a female and an underrepresented minority on their board, or explain why they cannot meet the requirement.

The Fifth Circuit Court of Appeals shot down lawsuits filed by the National Center for Public Policy Research and the Alliance for Fair Board Recruitment against the Securities and Exchange Commission (SEC) for approving the rule in August 2021. The rule requires Nasdaq-listed companies to provide information on gender, racial and LGBTQ+ status of their board of directors, mandating that at least two board members fall into one of those “diverse” categories.

Read the full story

Watchdogs Press JPMorgan Chase Bank for Answers on Cancellation of Religious Freedom Group’s Account

Admin

JPMorgan Chase & Co. wants to exclude shareholder resolutions from two conservative watchdog groups that relate to the bank’s closing of the account of a religious-freedom nonprofit founded by former Kansas Gov. Sam Brownback. 

Brownback, a former U.S. ambassador-at-large for international religious freedom during the Trump administration, is also a Republican former member of the House and Senate from Kansas. He founded the National Committee for Religious Freedom. 

Read the full story