||New York City Pension Funds
||Omitted, per SEC
WHEREAS, recent reports of toxic andhazardous products imported into the US from overseas, including toothpaste, toys, tires, pet food, and other products, have led to increased concern among consumers, regulators, and law-makers about the safety of many products sold by US retailers, and,
WHEREAS, Wal-Mart Corporation annually markets millions of dollars worth of imported products at its over 3,800 stores in the US, and
WHEREAS, since 2004, there have been sixty-five recalls involving thousands of potentially hazardous Wal-Mart retailed products, including toys, infant car seats children's accessories, and electrical appliances,
THEREFORE, BE IT RESOLVED, that shareholders request that the Board publish a report on the company's policies on product safety, at reasonable cost and omitting proprietary information, by December 2008. The report should summarize attempts by the company to secure its supply chain of goods marketed; which, if any, product lines and categories sold in Wal-Mart stores may be affected by the new product safety concerns described abovel and the options for new initiatives or actions management is taking to respond to this putrlic policy challenge, beyond those initiatives or actions already required by law.
SUPPORTING STATEMENT We believe that by publishing the requested evaluation of company policies and practices relating to product safety, the Company can help promote public trust, minimize legal liability, protect brand reputation, and safeguard and grow its market share. We urge you to vote your shares FOR this resolution.