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  "documentTitle": "Strategic Organizing Center | Activist Presentation Deck | 65 slides",
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      "text": "Brad Lander, NYC Comptroller",
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      "text": "Jonas D. Kron, Chief Advocacy Officer at Trillium Asset Management, LLC",
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      "text": "NEW YORK CITY COMPTROLLER\nBRAD LANDER",
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      "text": "NYC Comptroller & Investor Coalition: Starbucks' Workers' Rights Assessment Beset by Lack of Worker Input & Failure of Board to Accept Responsibility (Jan. 26, 2024)",
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      "text": "New York City Comptroller Brad Lander (on behalf of the five New York City retirement systems), Trillium Asset Management, PIRC and the Shareholder Association for Research and Education (SHARE) found significant oversights and failures in the assessment (emphasis added):",
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      "text": "BREW A BETTER Note: Emphasis added\nSTARBUCKS",
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      "text": "NYC Comptroller & Investor Coalition: Starbucks' Workers' Rights Assessment Beset by Lack of Worker Input & Failure of Board to Accept Responsibility (Jan. 26, 2024)",
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      "text": "NYC Comptroller Lander & coalition of investors release analysis of an independent review of Starbucks' stated commitment to workers' freedom of association & collective bargaining rights, finding the assessment failed to consult workers, raising concerns about Board oversight & accountability\nNew York, NY - New York City Comptroller Brad Lander, on behalf of the five New York City retirement systems, alongside Trillium Asset Management, PIRC, and the Shareholder Association for Research and Education (SHARE) (Proponents), released an analysis of Starbucks' workers' rights assessment conducted by independent assessor Thomas M. Mackall.\nThe analysis raises concerns about Board oversight and governance failures, a lack of worker input, and ambiguity about the company's ongoing commitment to international standards. As Starbucks prepares to resume negotiations with workers who have unionized over the past two years, and as shareholders consider the nominations of independent Board members at the Starbucks annual general meeting this spring, the analysis raises important questions about boardroom accountability.\n\"If an assessment of how well a company is respecting its workers' rights does not actually include input from workers, it is not assessing much,\" said New York City Comptroller Brad Lander, noting that it does not appear that the assessor talked to any workers. \"The Starbucks Board needs to accept responsibility for the companies' shortcomings and set a clear tone from the top that it will hold management accountable to its commitments to its workers' freedom of association.\"\n\"The assessor's report and the Board's response represent a sadly missed opportunity for Starbucks to pour out yesterday's bitter brew and start fresh with a bold commitment to respecting fundamental labor rights,\" said Anthony Schein, Director of Shareholder Advocacy at SHARE.\n\"The Abridged Report is revealing and concerning. Given that the company's 2021 SEC filings identified material reputational and operational risks related to potential unionization activity, it is troubling that, as the Assessor put it, Starbucks was not prepared for the emergence of union organizing activity,\" stated Jonas D. Kron, Chief Advocacy Officer at Trillium Asset Management, LLC. \"Starbucks leadership should publicly acknowledge this failure-doing so is an important step towards living up to its commitments to worker\nThe assessment was conducted following majority shareholder support for the Proponents' 2023 shareholder proposal requesting an independent, third-party assessment of Starbucks' adherence to its stated commitment to workers' freedom of association and collective bargaining rights. An abridged report of the assessment was made public in December.",
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      "kind": "quote",
      "text": "The content of the Abridged Report raises two important corporate governance questions: (1) how the current board should be held accountable for such significant governance failures; and (2) is the board, as currently constituted, the right board to implement the needed reforms?",
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      "text": "We believe there is a pressing need for improved corporate governance at Starbucks [...] The board must, in our opinion, set the tone from the top and take necessary action to ensure that corporate governance practices are remedied at Starbucks. To date, however, the board has not publicly addressed its responsibility for corporate governance failures and what steps it will take to hold itself accountable.",
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