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This excerpt taken from the HAS DEF 14A filed Apr 16, 2007. Introduction
The following proposal, which is opposed by the Board,
would require the affirmative vote of a majority of all
shares present (in person or by proxy) and entitled to vote at
the Meeting to be approved. Abstentions and broker non-votes are
each counted as present for purposes of establishing a quorum at
the Meeting. Abstentions are also considered shares entitled to
vote on the proposal and as such abstentions are the equivalent
of a vote against the proposal. In contrast, broker non-votes
are not counted as present and entitled to vote on the proposal
for purposes of determining if the proposal receives an
affirmative vote of a majority of the shares present and
entitled to vote.
One of the Company’s shareholders has submitted the
following resolution and supporting statement for inclusion in
this proxy statement. Upon a written or oral request made to the
Secretary of the Company, the Company will provide the address
and shareholdings (as they have been represented to the Company)
of the proponent of this resolution to any shareholder of the
Company.
SUSTAINABILITY
REPORT
HASBRO, INC.
Whereas, Investors increasingly seek disclosure of
companies’ social and environmental practices in the belief
that they impact shareholder value. Many investors believe
companies that are good employers, environmental stewards, and
corporate citizens will more likely prosper over the long term
and be accepted in their communities.
Hasbro’s Corporate Safety Health and Environmental
Commitment Statement notes laudable goals such as waste
reduction and increase in recycling, yet there is no reporting
on progress toward those goals.
Companies increasingly recognize that transparency and dialogue
about sustainability are keys to business success.
Sustainability issues can include a corporation’s choices
regarding materials, its consumption of energy, its impact on
human rights, its impact on disposal and recycling, and its role
in the economy of local communities.
The link between sustainability performance and long-term
shareholder value is awakening mainstream financial companies to
new tools for understanding and predicting capital markets.
According to environmental research consultant Innovest, major
investment firms subscribe to information on companies’
social and environmental practices, including sustainability
reports, to help make investment decisions.
An example of sustainability concerns: Hasbro sells many toys
made out of or packaged in polyvinyl chloride (PVC) plastic, a
substance which has come under scrutiny due to health and
environmental concerns. PVC presents an array of issues
throughout the production lifecycle — from use of raw
toxic chemicals such as chlorine gas and cancer-causing vinyl
chloride monomer in PVC production, to exposure of workers and
surrounding communities where the PVC-utilizing toys are
produced, to the release of toxic additives such as phthalates
during use and disposal of PVC toys. An indicator of public
concern is the ban effective
12/1/06 in
San Francisco, prohibiting the sale, distribution and
manufacture of baby products containing any level of bisphenol A
and certain levels of phthalates, plasticizers used in PVC
products. When it comes to the waste disposal cycle, PVC has the
lowest recycling rate of the major plastic resins.
According to Dow Jones Sustainability Group, sustainability
includes: “Encouraging long lasting social well being in
communities where they operate, interacting with different
stakeholders (e.g. clients, suppliers, employees, government,
local communities and non-governmental organizations) and
responding to their specific and evolving needs thereby securing
a long term ‘license to operate’, superior customer
and employee loyalty and ultimately superior financial
returns.” (www.sustainability-index.com; March 2000)
A thorough sustainability report can benchmark our company
against others. Taking the PVC example, it might examine how
prominent competing toy companies and retailers such as Wal-Mart
and Ikea are phasing out PVC in products
and/or
packaging.
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THEREFORE BE IT RESOLVED THAT: Shareholders of
Hasbro, Inc. request the Board of Directors to publish a
sustainability report, at reasonable expense and omitting
proprietary information, by December 2007.
This excerpt taken from the HAS DEF 14A filed Apr 17, 2006. Introduction
The following proposal, which is opposed by the Board,
would require the affirmative vote of a majority of all
shares present (in person or by proxy) and entitled to vote at
the Meeting to be approved. Abstentions and broker non-votes are
each counted as present for purposes of establishing a quorum at
the Meeting. Abstentions are also considered shares entitled to
vote on the proposal and as such abstentions are the equivalent
of a vote against the proposal. In contrast, broker non-votes
are not counted as present and entitled to vote on the proposal
for purposes of determining if the proposal receives an
affirmative vote of a majority of the shares present and
entitled to vote.
One of the Company’s shareholders has submitted the
following resolution and supporting statement for inclusion in
this Proxy Statement. Upon a written or oral request made to the
Secretary of the Company, the Company will provide the address
and shareholdings (as they have been represented to the Company)
of the proponent of this resolution to any shareholder of the
Company.
HASBRO,
INC.
GLOBAL HUMAN RIGHTS STANDARDS
Submitted by William C. Thompson, Jr., Comptroller, City
of New York,
on behalf of the Boards of Trustees of the New York City Pension Funds
Whereas, Hasbro, Inc. currently has overseas
operations, and
Whereas, reports of human rights abuses in the overseas
subsidiaries and suppliers of
U.S.-based
corporations has led to an increased public awareness of the
problems of child labor, “sweatshop” conditions, and
the denial of labor rights in U.S. corporate overseas
operations, and
Whereas, corporate violations of human rights in these
overseas operations can lead to negative publicity, public
protests, and the loss of consumer confidence which can have a
negative impact on shareholder value, and
Whereas, a number of corporations have implemented
independent monitoring programs with respected human rights and
religious organizations to strengthen compliance with
international human rights norms in subsidiary and supplier
factories, and
Whereas, many of these programs incorporate the
conventions of the International Labor Organization (ILO) on
workplace human rights, and the United Nations’ Norms on
the Responsibilities of Transnational Corporations with Regard
to Human Rights (“UN Norms”), which include the
following principles:
Whereas, independent monitoring of corporate adherence to
these internationally recognized principles is essential if
consumer and investor confidence in our company’s
commitment to human rights is to be maintained,
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Therefore, be it resolved that the shareholders request
that the company commit itself to the implementation of a code
of corporate conduct based on the aforementioned ILO human
rights standards and United Nations’ Norms on the
Responsibilities of Transnational Corporations with Regard to
Human Rights, by its international suppliers and in its own
international production facilities, and commit to a program of
outside, independent monitoring of compliance with these
standards.
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