Monsanto shareholders voted down a proposal today that would have required the company to provide a report related to the labeling of food produced with genetic engineering. A final tally showed that only 4.16% of shareholder votes were in favor of the proposal.
Napa, Calif., based Harrington Investments, Inc., proposed the resolution as part of activists’ efforts to force Monsanto to work toward mandatory labeling of foods with genetically modified organisms (GMOs).
The resolution marked the first time a shareholder had introduced a food labeling resolution regarding food with GMOs. However, according to an article published earlier this week in the International Business Times, John Harrington, president of the firm, held only 30 shares of Monsanto stock as of last August.
Read a press release from the National Center for Public Policy and Research.