Monsanto Shareholders Just Say No to GMO Labels
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As more than 20 states consider mandatory labeling of genetically modified food, shareholders at Monsanto’s annual meeting on Tuesday voted against proposals to label and assess the costs of GMOs. Monsanto’s board opposed both measures, which came from two separate shareholders with fewer than 100 shares each.
For what it’s worth to GMO critics, the decisions weren’t unanimous even among stakeholders in a major GMO company. One resolution, which sought a report on the cost of GMO contamination affecting non-GMO and organic crops, received 6.51 percent of shareholder votes, while another asking the company to work with regulators on GMO labeling guidelines received 4.16 percent of the vote, according to a Reuters report.