"Clean Clothes Campaign loses vote at shareholder meeting H&M", 9 May 2019

The Clean Clothes Campaign...lost a remarkable vote at the shareholder meeting of...H&M. The idea was for shareholders to contribute to the payment of living wages for textile workers...

...In 2013, H&M promised to guarantee acceptable living wages for 850,000 textile workers...but according to the Clean Clothes Campaign not much...has actually changed.The organisation therefore launched the "TurnAroundH&M" campaign with a petition...which was handed to H&M's CEO Karl-Johan Persson...just before the general shareholder meeting.

"He replied he shared our goals, but intends to reach them through different means, which we find much too slow," [said] campaign leader Anne Bienias...

The climax of the entire campaign was supposed to be a resolution in the general shareholder meeting. In order to gain access to that meeting, the organisation purchased some stock in advance... the proposition was voted down: it seems only twenty of the nearly 600 shareholders present were in favour...