At today’s Mondelēz International's shareholder meeting, the IUF, the international union body representing food workers worldwide, and unions representing the company’s North American employees raised concerns about human rights abuses in the company’s overseas operations. Many Mondelēz-branded cookies and crackers are produced by union members, including Oreo, Chips Ahoy, Ritz and Triscuit.
This week, the HR Policy Association’s so-called “Center on Executive Compensation” criticized a member of the Securities and Exchange Commission (SEC) for suggesting companies should consider voluntarily disclosing CEO-to-worker pay ratios. The HR Policy Association represents human resource executives of more than 325 of the largest U.S. corporations, and would prefer to keep secret the pay disparity between their bosses—the CEOs—and their employees.
The U.S. Securities and Exchange Commission (SEC) will consider a rule to require disclosure of political spending by publicly traded corporations in April. By putting this rule making on its agenda, the SEC is responding to the Supreme Court’s decision in Citizens United, which ended restrictions on independent corporate spending for public communications that influence elections.
The AFL-CIO recently joined with other investors to ask corporations to nominate more women as directors. The AFL-CIO’s Secretary-Treasurer Elizabeth Shuler co-signed a letter with state officials from California, New York, Washington, Massachusetts and other states, as well as executives from the nation’s largest state pension funds, mutual fund companies, and women’s organizations.
Investors sent the letter to the nominating committees of S&P 500 companies that do not have any women on their boards.