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Artikel

28 Aug 2024

Autor:
Responsible Investor

"Not responsive": Investors doubling down on workers' rights at Nike ahead of AGM

Investors behind a workers' rights proposal set to go to the vote at Nike next month say it is a necessary escalation, but proxy adviser Glass Lewis sides with the company.

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The controversy in Cambodia centres around a supplier of Nike, the Ramatex Group, allegedly failing to pay compensation to 1,284 workers at its factory, Violet Apparel when it suddenly shut in June ...

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Nike did not reply for a request to comment ...

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Last September, investors ... wrote to Nike calling on it to provide a full repayment of the $1.4 million terminal wages for workers at Violet Apparel and correction of underpayments at Hong Seng Knitting to the total of $800,000.

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