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[Russia Today] Behind the scenes: Undercover shareholder pushes for transparency at Monsanto

Posted: February 1st, 2013 | Filed under: Incident Reports, Press, Video | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |


Behind the scenes: Undercover shareholder pushes for transparency at Monsanto

Published February 1st
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­About a dozen protesters calling themselves Occupy Monsanto spent several hours near Monsanto’s headquarters in Creve Coeur, Missouri as shareholders voted on members for the company’s Board of Directors.

The protesters called for more transparency in the multinational company’s operations especially in labeling, research and business practices.

Adam Eidinger who owns 75 Monsanto shares read his speech to the protesters before heading to the meeting to address shareholders with a statement on behalf of Pesticide Action Network, the company, which submitted the study on potential risks of using GMOs.

RT: You are a Monsanto shareholder, so you’re obviously interested in the company making a profit. But you are planning to speak on behalf of the company which submitted the study on the potential risks of Monsanto products. Why are you doing this?

AE: Well the resolution we had would have required a report to be written that could be shared with researchers and scientists across the globe about the risks that they know – the company knows already – about their genetically modified crops. Which many safe food activists believe make us more reliant on herbicides and chemicals that the company also sells. And these chemicals may be what’s causing higher rates of cancer in industrialized nations across the globe.

We know how it caused tumors in rats that were fed in long term studies last year. Dr. Seralini’s study was a topic during this shareholder meeting, I brought it up. I was able to speak during the meeting.

And this meeting was closed to the public, as you said. And one of the things we are asking for is in the future this to be live-streamed.  People around the world care about what’s going into the food. They may not want to own Monsanto stock.

I only bought the stock so I could speak at this shareholder meeting.

RT: A Chinese economist has criticized Monsanto for controlling the country’s soybean market and trying to do the same with corn and cotton in the country. How is this impacting local farmers?

AE: It devastates local farmers time and time again. We’ve seen countries where Monsanto has introduced ‘patented’ technologies, I like to call it. And they only provide hybrid seeds to farmers who then loose bio-diversity, loose varieties that have actually adapted to that area.

What we need on this planet is better distribution of food and we need better organic methods to be shared with farmers, not more reliance on chemicals and pesticides.

And now, it was quite alarming at this shareholder meeting, there are these new technologies where they are going to be modifying insects and viruses and introducing these novel viruses into the environment to handle pests, to kill pests.

We wonder why bee populations around the world are plummeting – it’s because of these chemicals and possibly because of this new technology.

RT: In 2009, Monsanto was accused by the US Justice Department of breaking anti-trust rules. But in 2012 the inquiry was closed without taking any enforcement action. Why?

AE: I think Monsanto is a perfect example of regulatory capture where an industry captures the levers of government, levers of our democracy that are supposed to protect us from companies that would profit over our health being impacted in a really negative way. I mean people may be allergic to these crops, to the chemicals that are used on them, and they are trying to avoid them. And in America they have no right to know if the food has been genetically modified or not. And that is something I brought up at the meeting, if you want to be transparent you ought to label the food. 

So yes, you have people at the FDA like Michael Taylor who is the head of food safety who also was the vice-president of Monsanto for a decade and prior to that worked at the FDA as well. So it’s a revolving door, he was at the FDA, went to work for Monsanto and now he’s back at the FDA. It’s clear that secretary of state Clinton, she emphasized giving these hybrid seeds to Africa, yet there’s no proof this is going to help African farmers. I think quite the contrary – they are going to become dependent on buying seeds from the United States when they should be able to save their seeds and develop their own varieties in Africa.


Source: Russia Today

Monsanto Company Proxy Item No. 5: Shareowner Proposal

Posted: December 13th, 2012 | Filed under: Research | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |
Proxy Item No. 5: Shareowner Proposal – Pages 74-76 of Monsanto Company’s Schedule 14A Form

This proposal was submitted by Harrington Investments, Inc., 1001 2nd Street, Suite 325, Napa, CA 94559, as lead proponent of a filing group. The proposal has been carefully considered by the board of directors, which has concluded that its adoption would not be in the best interests of the company or its shareowners. For the reasons stated after the proposal, the board recommends a vote “Against” the shareowner proposal.

The proposal and supporting statement are presented as received from the shareowner proponents in accordance with the rules of the Securities and Exchange Commission, and the board of directors and the company disclaim any responsibility for its content. We will furnish, orally or in writing as requested, the name, address and claimed share ownership position of the proponents of this shareowner proposal promptly upon written or oral request directed to the company’s Secretary.

Information regarding the inclusion of proposals in Monsanto’s proxy statement can be found on page 77 under Shareowner Proposals for 2014 Annual Meeting.


Shareowner Statement

Whereas:

The labeling of genetically modified organisms (GMOs) is an increasing matter of concern among state legislators across the United States;

Whereas:

Vermont, Alaska, Maine and Nebraska have passed laws requiring labeling of GMOs and at least fifteen states have offered legislation that would require similar labeling;

Whereas:

The biological and physical movement of material derived from genetically engineered crops is difficult and sometimes impossible to control or recall;

Whereas:

Many domestic and global food markets demand foods with zero or near-zero levels of material derived from genetically modified organisms;

Whereas:

Genetically modified crops have been found to contaminate conventional (non-GMO) and organic farms, threatening farmers’ livelihoods, and affecting critical food supply, and imposing a significant financial burden on farmers seeking to satisfy markets for GMO-free products;

RESOLVED: The Monsanto board shall prepare a report, at reasonable expense and omitting proprietary information, assessing any material financial risks or operational potential impacts on the Company with:

  • Seed contamination, including costs of seed replacement, crop and production losses and clean up, decontamination and continued testing of affected seeds;
  • Ongoing buffer zone control, including production acreage losses and on-going maintenance required to secure or maintain access to contamination-sensitive markets;
  • Crop, production, and post-harvest losses and associated costs of market rejections, including temporary or permanent market losses resulting from GMO contamination;
  • Loss of organic or other third-party certification due to GMO contamination and any costs associated with additional record-keeping, testing or surveillance required to regain certification or retain certification on impacted operations;
  • Well water testing and/or groundwater cleanup contamination if found;
  • Removal and destruction of contaminated GMO plants;
  • Pollinator losses and related damages, e.g. to non-target organisms;
  • Soil contamination and on-going related mitigation and remediation costs; and
  • Damage to farmers’ reputation, livelihood, and standing in the community.

The report shall also discuss the impact of such a policy regarding such issues and related public policies on our customers and consumers, and shall be available by July 1, 2013.


THE BOARD OF DIRECTORS RECOMMENDS A VOTE “AGAINST” THE FOREGOING PROPOSAL FOR THE FOLLOWING REASONS:

Disclosure of material financial risks or operational impacts on the company is required by SEC reporting requirements and we take seriously our responsibility to identify, analyze and transparently report such risks or potential impacts. Existing processes and procedures are in place that are intended to ensure compliance with SEC disclosure requirements relating to the topics raised by the proponent. An additional report to restate such risks or impacts as suggested in the proposal would be redundant and provide no meaningful additional information to shareowners.

We are committed to the practice of product stewardship which includes careful attention to coexistence and identity preservation. More details are available on our website at https://www.monsanto.com/ourcommitments/Pages/product-stewardship.aspx [2] For example,

  • Our Technology Use Guide, which is updated annually, distributed to our customers and posted on our website, provides information specifically about coexistence and identity preservation to our customers, including general instructions for management of mechanical mixing and pollen flow.
  • We engage in robust, ongoing dialogue with the seed trade, agricultural value chain and academic community to address the complex subject areas encompassed by the shareowner proposal in a manner consistent with best industry practice. These are routinely discussed in these settings and are well known to the company individuals responsible for identifying and reporting material risks and potential impacts.
  • Monsanto is a founding member of “Excellence Through Stewardship,” the agricultural biotechnology industry’s global initiative for advancing best practices in stewardship and quality management. As a member, Monsanto is subject to regular global compliance audits to ensure best practices are being followed. See https://www.excellencethroughstewardship.org/ [2] for more information about this initiative.

Constructive coexistence among diverse segments of agriculture is well established and practiced. It is commonplace to find different agricultural production methods working effectively side by side based on well established practices and a long, successful history in agriculture. Careful management of these production methods is in the interest of all concerned – our company, our customers, the value chain and consumers.

  • Farmers and seed companies rely on standards and best practices in seed and grain production, harvest, handling and transportation to support production, distribution and trade of products from different agricultural systems. This is essential to preserve the identity of products to meet market specifications. Examples of identity preserved production include certified seed, specialty oil or protein crops, and crops that meet commercial contract specifications such as organic and non-genetically enhanced specifications.
  • Based on historical experience generally accepted agricultural practices to manage production to meet quality specifications have been established. Among these practices are appropriate seed sourcing, field management, storage and handling practices. This array of agricultural planning tools and practices maintains product integrity and quality specifications.
A mosaic of agricultural production systems must be preserved to enable farmer choice and meet global productivity needs. Drought in several major agricultural production regions in 2011 and 2012 is a vivid reminder of the challenges facing agricultural production and food security. Monsanto believes farmers should have the freedom to choose the production method best suited for their environments, markets and needs, whether organic, non-GM conventional, or products improved through biotechnology. All of the agricultural systems can and do work effectively side by side and contribute to the varied needs of different farmers, markets and consumers and meeting the demands of a growing population.

THE BOARD OF DIRECTORS RECOMMENDS
A VOTE “AGAINST”
THIS SHAREOWNER PROPOSAL
AND YOUR PROXY WILL BE SO VOTED IF THE PROPOSAL IS PRESENTED
UNLESS YOU SPECIFY OTHERWISE


[2] Information contained on this website is for informational purposes only and is not incorporated by reference into this proxy statement.


Source: U.S. Securities and Exchange Commission