ZOOM CALL INVITE: Wendy’s annual shareholder meeting digest with CIW and investor allies!

Consumers marching on Wendy’s 2015 shareholder meeting.

Join farmworker leaders of the CIW, investor allies with the Interfaith Center on Corporate Responsibility and Investor Advocates for Social Justice for a Zoom call on Thursday, May 20 at 12 PM ET  for a report on Wendy’s response to the proposed social responsibility transparency resolution and what’s next in the Wendy’s Boycott! 

Over the past several weeks, we’ve hosted a four-part series of web posts on this site to thoroughly explain to our readers why Wendy’s annual shareholder meeting tomorrow is significantly different from the eight others CIW and consumer allies have participated in before.  Namely, the presentation and voting of a brilliant shareholder resolution, filed by the Franciscan Sisters of Allegany, seeking evidence for exactly how Wendy’s protects the human rights of workers in its food supply chain, including from COVID-19. 

At first, Wendy’s formally petitioned the Securities and Exchange Commission (SEC) for permission to block a vote on the Sisters’ resolution at Wendy’s upcoming annual meeting, arguing to the SEC that the human rights of workers in its supply chain are essentially none of Wendy’s business.  In Wendy’s own words: 

We believe that the Company’s day-to-day operations of running a quick-service hamburger concept are far removed from any underlying policy consideration of the protection of human rights and worker safety of the country’s meat and produce Suppliers.

But in the past few months, as the resolution remarkably made it through the SEC, and onto tomorrow’s meeting agenda, the Fair Food Program has gained monumental support from the investor world, with over 100 responsible investors and six State Treasurers sending letters making the urgent case for Wendy’s to join the FFP.  There’s no doubt that the growing investor pressure influenced Wendy’s decision to flip-flop, hard, on its previous position, now recommending all of its shareholders to vote in favor of the social responsibility transparency resolution. 

There will be a lot to see and discuss after tomorrow’s shareholder meeting, and you will have a front-row seat to hear a report of the meeting’s outcomes and analysis on the broader fight for human rights in the fields by leaders of the CIW and investor allies of the CIW Nadira Narine of Interfaith Center on Corporate Responsibility and Mary Beth Gallagher and Gina Falada of Investor Advocates for Social Justice. Join us on Zoom on Thursday, May 20 at 12 PM ET! Click here to RSVP

The stakes are as high as ever for Wendy’s top decision-makers, who will have to face a mounting coalition of investors rising up to demand the fast-food chain live up to its self-professed “leadership” in the growing ESG investment market and make a commitment to the gold standard for social responsibility, the Fair Food Program.