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Proposal For J&J To Halt Talc Powder Sales Worldwide Fails In Shareholder Vote

Audit Of Whether J&J Marketed To Minority Women Despite Asbestos Concerns Considered

 
• By Lauren Nardella

Activist investment group Tulipshare’s proposal that J&J fully cease sales of talc-based powders didn’t receive a majority of votes in favor during firm's annual meeting and won’t be forwarded for board’s consideration. Separate proposal for an audit into whether firm marketed products to minority women asbestos concerns was sent to the board.

• Source: Alamy

Shareholders voted down a proposal by activist investors and consumer groups for Johnson & Johnson to stop all talc-containing powder sales, but approved a separate proposal requiring J&J’s board to consider an audit into whether the firm marketed the products to minority women despite asbestos concerns.

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