A PepsiCo shareholder has filed a lawsuit to compel the company to include an animal welfare proxy proposal in its proxy materials. The proposal, submitted through PETA, asks shareholders to vote for a report on suppliers’ compliance with animal welfare policies and local laws. The shareholder claims PepsiCo Inc. is improperly planning to exclude the proposal.
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PepsiCo Investor Sues to Circulate Animal Welfare Proxy Proposal
A PepsiCo shareholder has filed a lawsuit to compel the company to include an animal welfare proxy proposal in its proxy materials. The proposal, submitted through PETA, asks shareholders to vote for a report on suppliers’ compliance with animal welfare policies and local laws. The shareholder claims PepsiCo Inc. is improperly planning to exclude the proposal.