The Sisters of St. Francis of Philadelphia say McDonald's has some explaining to do.
They want the company to report to the world on what it's doing to address the public's concerns about the health effects of fast food. They are especially interested in how the fare affects kids. The nuns also want to know how these concerns and changes in public policy could affect the company's prospects.
The nuns, holders of more than $2,000 worth of McDonald's stock, have managed to get their question on the preliminary list of proposals that could come to a vote at the company's annual meeting this spring.
Here's the text of the question they want put to a vote:
RESOLVED: Shareholders ask the Board of Directors to issue a report, at reasonable expense and excluding proprietary information, within six months of the 2011 annual meeting, assessing the company's policy responses to public concerns regarding linkages of fast food to childhood obesity, diet-related diseases and other impacts on children's health. Such report should include an assessment of the potential impacts of public concerns and evolving public policy on the company's finances and operations.
Read the rest here.