Australia: Resolution on human rights to be voted on at Woolworths' Annual General Meeting
Author: Eli Greenblat, The Australian , Published on: 2 October 2017
"Social activists hijack Woolworths", 26 September 2017
Woolworths’ annual general meeting could be hijacked by a not-for-profit, with the supermarket giant revealing that two resolutions put by a tiny minority of shareholders will be voted on at the gathering in late November.
In a...release to the Australian Securities Exchange...Woolworths...said that resolutions for consideration at the AGM had been received under section 249N of the Corporations Act from 106 Woolworths shareholders representing roughly 0.0097 per cent of shares on issue...
The resolution asks that the Woolworths board of directors report annually to shareholders on the company’s due diligence process for identifying, analysing and addressing potential and actual human rights impacts throughout the group’s operations.
The resolution also recommends the framing and assessment of these human rights impacts be taken from the UN Guiding Principles on Business and Human Rights, the International Bill of Human Rights and Universal Declaration of Human Rights...
[also refers to BHP]