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Starbucks re-elects all 11 directors to board, rejects proposal to disclose human rights policies
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Starbucks re-elects all 11 directors to board, rejects proposal to disclose human rights policies
Mar 15, 2024 2:47 PM

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.

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