ST. LOUIS, Jan. 20, 2012 /PRNewswire-USNewswire/ -- On Tuesday, January 24 at 1:30 PM, Monsanto officers and shareholders will vote on a shareholder proposal to create a study of "material financial risks or operational impacts" associated with its chemical products and genetically modified organisms (GMOs).
The proposal represents one of the strongest signals to date that the biotech food conglomerate is facing growing consumer, legal, and regulatory uncertainties. As of today, however Monsanto has told John Harrington that they will not recognize his proxy who would speak on behalf of the resolution for only three minutes under normal circumstances.
The meeting itself is only open to shareholders but concerned citizens will be demonstrating outside the northeast entrance to Monsanto's Lindberg campus beginning at 12:00 noon. Monsanto Headquarters is located at 800 North Lindberg Boulevard in St. Louis, MO.
Adam Eidinger, an organic food activist who recently led a walk from NY to Washington DC on behalf of honest food labeling, will present the shareholder resolution on behalf of Napa, California based Harrington Investments (HII) with help from the Pesticide Action Network of North America (PANNA).
Eidinger will be available for interview before and after the shareholder meeting, which he will drive a "Label GMO" art car to attend. Representatives from HII and PANNA will be also available for interview before and after the shareholder meeting. Eidinger's written testimony is available by request.
In its statement recommending shareholders to vote against the HII resolution, Monsanto management stated that, "Farmers should have the freedom to choose which production method is best suited for their needs, whether organic, non-GM conventional or biotechnology traits. All of these systems can and do work effectively side by side…"
John Harrington, CEO of Harrington Investments questions the veracity of
|SOURCE Harrington Investments|
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