An investor is trying to get the company to “pause” the sourcing of cotton in China.
, and Nike’s manufacturing data suggests that about 30 percent of its materials were from Chinese factories.…Traditional supply chain risk mitigation measures, such as worker interviews and third-party audits, are unreliable or not effective in this unique, high-risk, conflict-affected context.”
Nike’s board advised shareholders to vote against the proposal, noting that it “does not directly source cotton or raw material, and we are committed to responsibly and sustainably sourcing our products.” “While we have worked hard to develop and implement policies and procedures that bring our commitment to life, we are always looking to evolve and improve. We believe that these efforts are a better approach to promoting human rights and sustainability than prohibiting sourcing with respect to any particular country.”John Donahoe, president and chief executive officer
The biggest portion of Donahoe’s pay came from stock and option awards valued at a combined $18.8 million, although the value he will actually realize will depend on Nike’s stock performance, linking the CEO’s take to the fortune of shareholders. More immediately accessible, he received incentive pay of $4.5 million and a salary of $1.5 million.
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