US:Ford shareholders to decide whether to amend employment policy - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
ยป Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Register Home Forum Active Topics Photo Gallery Auto Loans Garage Mark Forums Read Auto Escrow

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 04-06-2006, 06:33   #1 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
US:Ford shareholders to decide whether to amend employment policy

Ford shareholders to decide whether to amend employment policy

DEE-ANN DURBIN / Associated Press

DETROIT -- Ford Motor Co. shareholders will decide whether to amend the company's equal employment policy to exclude sexual orientation after the U.S. Securities and Exchange Commission denied Ford's request to keep the issue off its proxy statement, the automaker said Tuesday.

Ford's policy now says the company won't discriminate on the basis of sexual orientation, gender, religion and other factors. Shareholder Robert Hurley of Alton, Ill., has submitted a proposal recommending Ford change its policy to exclude any reference to sexual interests, activities or orientation.

Ford asked the SEC to exclude the proposal from its proxy statement, saying it would hurt the company's ability to recruit since some universities require companies to include sexual orientation in their policies. Ford also said publicity over changing the policy could hurt sales to gay rights supporters.

But in a recent decision, the SEC said Ford can't exclude the proposal. The SEC said a rule that allows companies to reject proposals that deal with "ordinary business operations" doesn't apply to this case.

Ford is sending its proxy statement to shareholders on Friday, spokeswoman Becky Sanch said. Shareholders will vote on the proposals and the results will be announced at the company's annual meeting May 11.

"We will include it, and we will have our comments in the proxy statement," Sanch said.

The SEC agreed with Ford's decision to keep other proposals off the proxy statement, including one that would have required the company to pay managers no more than $500,000 per year.

Ford has had an ongoing struggle with the American Family Association and other conservative groups about homosexuality. In December, Ford said it would stop advertising its Jaguar and Land Rover luxury brands in gay publications to reduce marketing costs. But after meeting with several gay rights groups, Ford said it would put ads featuring all eight of its brands in gay publications.

Last month, 19 conservative groups reinstated a boycott against Ford over the issue. The American Family Association said Tuesday that it supports the SEC's decision.

"I find Ford's logic in asking the SEC to omit the resolution interesting," AFA Chairman Don Wildmon said in a statement. "In essence Ford is saying they are concerned that a boycott by homosexual groups would financially hurt the company, but the boycott by the pro-family groups will not."

Ford shares fell 9 cents, or 1.2 percent, to close at $7.68 on the New York Stock Exchange.
__________________
Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 19:40.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.