Mondelez Shareholder Proposal on Russia Gets Key Supporter.

Institutional Shareholder Services Inc., an influential advisory firm, is supporting an investor proposal for an independent review of Mondelez International Inc.'s implementation of its human rights policy in Russia and Ukraine. The proposal argues that Mondelez needs to increase disclosures so that investors can better assess its performance on human rights in conflict zones. Mondelez and another proxy adviser, Glass Lewis & Co., disagree with the proposal. Mondelez has argued that leaving Russia would risk handing over its assets to the Russian government, while ISS has stated that Mondelez's actions have led to boycotts and criticism. The proposal will be voted on at the annual meeting on May 22. [Extracted from the article]