March 15 (Reuters) - Starbucks ( SBUX ) shareholders
voted to re-elect all 11 directors to the company's board at its
annual general meeting on Friday and also rejected measures
asking the coffee chain to disclose details on human rights
policies and discrimination against "non-diverse" groups.
In the run-up to the company's 2024 AGM, a coalition of
labor unions called the Strategic Organizing Center (SOC)
launched a boardroom fight, nominating candidates for three
seats, in a push to make Starbucks ( SBUX ) reach an agreement with its
unionized baristas over pay, benefits and worker treatment.
However, in a surprise move just days before the
meeting, the SOC withdrew its three nominees to the 11-member
board, following a joint announcement from Starbucks ( SBUX ) and its
baristas' union that the parties have agreed to create a
"framework" on unionization and collective bargaining.
Another Starbucks ( SBUX ) shareholder, the National Legal and
Policy Center (NLPC), issued a proposal asking Starbucks ( SBUX ) to
publish a report on human rights policies and how it adheres to
those across its business, targeting the company's ambitious
growth plans in China in particular.
The NLPC questioned Starbucks' ( SBUX ) strategy to grow its
footprint in China in light of human rights controversies in the
region. The proposal, though rejected, won 1.5% of votes cast.
Investors also rejected a proposal asking the coffee
chain to disclose details on discrimination against
"non-diverse" people, claiming Starbucks' ( SBUX ) diversity and
inclusivity policies "alienate individuals who lack certain
diverse qualities."
The proposal came from the National Center for Public
Policy Research, a conservative Starbucks ( SBUX ) investor, which had
previously sued the company for setting hiring goals for people
of color and tying executive pay to diversity.
A proposal represented by animal rights group PETA
asking for disclosures on Starbucks' ( SBUX ) pricing of plant-based milk
was also rejected by shareholders.