Oh, gosh, golly, gee-frickin’-whiz!!
Monsanto shareholders voted to do the wrong thing and denied a proposal that would finally force them to admit their GMO crops cause damage and harm to organic farms…who’d have thunk they’d so such a thing?
Monsanto shareholders voted down a proposal Thursday that would have forced the biotech seed giant to report on how its genetically modified products might affect organic farmers.
Only 7 percent of votes cast by shareholders were in favor of the proposal, the Creve Coeur-based company said Thursday.
Monsanto had opposed the proposal, which would have required the company to make a report on the financial impact of the unintentional introduction of GMO seeds into organic farms.
In other matters at the company’s annual meeting Thursday, shareholders re-elected four members to three-year terms on Monsanto’s board of directors. Shareholders approved a proposal to phase out the current three-year, staggered terms of directors in favor of annual election of directors. They will serve one-year terms, beginning next year.