“Companies come under pressure from activist shareholders over fears that lack of detail poses reputational risk. […] Trillium, a $5.6bn asset management firm, has filed a shareholder proposal aimed at pharmaceutical chain CVS, demanding the company adopt and disclose a requirement that all of its employees receive some paid sick time off. […] Kroger, Target and the parent company of TJ Maxx also received paid sick leave shareholder proposals last week.”Financial Times
January 31, 2022
“Each petition argues that the lack of clear sick leave policies at these companies poses reputational risks.”
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A company’s oversight of reputational risk has become a key governance matter.
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