P&G holders rebuke board with vote for deforestation report

Signage outside Procter & Gamble's corporate headquarters in downtown Cincinnati , AP Photo/John Minchillo

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Procter & Gamble Co.’s shareholders approved a proposal that the maker of Charmin toilet paper publish a report on its efforts to halt deforestation amid pressure from environmentalists.

The vote at the shareholder meeting Tuesday went against a recommendation from P&G’s board of directors that investors reject the measure, which was proposed by Green Century Equity Fund.

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Source: Bloomberg

 

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