During BlackRock’s most recent engagement in the second quarter of this year, we discussed the company’s oversight of the issues addressed in the shareholder proposals that had been submitted on its ballot, including the policies and procedures it has in place to address plastic waste management, antibiotic stewardship, and workplace sexual harassment. We also discussed Walmart’s associate engagement efforts and the various channels established to maintain open dialogue between associates and senior management.
- Policy to include hourly associates as director candidates
With respect to human capital management, Walmart provides internal communications opportunities for associates to communicate their interests, concerns, and provide feedback to senior management including through cascaded leadership communications, company intranet, Facebook Workplace and other social media channels, semi-annual formal listening tours conducted by senior operations executives, Associate Engagement Surveys, Open Door Policy, and the Global Ethics and Compliance Hotline. Moreover, we do not have concerns at this time about the composition of the board of directors with regard to having the appropriate skill sets to address the relevant issues pertaining to employees’ interests.