Same as above, but assume that shareholder proposals asking the company to evaluate possible responses to these

Question:

Same as above, but assume that shareholder proposals asking the company to evaluate possible responses to these issues have been defeated in each of the past two years by overwhelming margins.


Data From Problems 4

Same as above, but instead of the government suppressing a rebellion, Pomfruit’s supplier is resisting efforts to unionize the workforce by importing “scab” labor from other parts of the country and firing workers suspected of harboring union sympathies.


Data From Problems 3

Pomfruit Corporation, a Delaware company listed on the New York Stock Exchange, is in the business of importing tropical fruits for sale in gourmet groceries throughout the United States. One of its most profitable items is the fafaraway, a citrus fruit that is purported to have anti-oxidant and anti-aging properties. Pomfruit purchases fafaraways from a company operating in the West African nation of Gormanda, the only place where the fruit is currently produced. Pomfruit’s supplier is a government-owned enterprise; the sales revenues are contributed to Gormanda’s general budget account. Recently, reports have appeared in the news media that the government of Gormanda is brutally suppressing a rebellion in the tribal area where fafaraway is grown. You are an independent member of the board of directors of Pomfruit. What are your obligations upon hearing these reports?

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