PROPOSAL 4 — SHAREHOLDER PROPOSAL
The International Brotherhood of DuPont Workers, P.O. Box 10, Waynesboro, VA 22980, the holder of 250 shares of Chemours common stock, has advised Chemours that it intends to introduce at the Annual Meeting the proposal and supporting statement quoted verbatim below.
For the reasons set forth by the Company in the section titled Chemours’ Statement in Opposition to Proposal 4, following the Proponent’s proposal and supporting statement, the Company disagrees with Proponent’s proposal and supporting statement.
RESOLVED: That the stockholders of Chemours, assembled in annual meeting in person and by proxy, hereby request that the Board of Directors give consideration to this proposal by the International Brotherhood of Dupont Workers, after taking into account the wishes of a vote of the stockholders, to the creation of an advisory position to the Board of Directors and such advisory position to be filled by a current Chemours wage roll employee who is serving as a representative of the employees at his or her plant site.
Stockholders’ Statement
At present, the Board is made up of individuals who, other than the President and Chief Executive Officer, serve or formerly served as high ranking corporate officers for other companies.
What they are all lacking, however, is what this proposal would offer — the experience of a Chemours wage roll employee, someone who is actually working in one of their factories and, as a representative of employees, is familiar with many of the “on the floor” issues that impact the success of the company — issues such as safety for those working at the plant, environmental concerns for the surrounding communities, worker motivation, and the like.
This employee would be able to advise the Board with knowledge and insight that is not now present on the Board, with the result that the Board could make more informed decisions that result in a substantial benefit to the Company.
If you AGREE with this proposal, please mark your proxy FOR this resolution.
CHEMOURS’ STATEMENT IN OPPOSITION TO PROPOSAL 4
The Board unanimously recommends a vote “AGAINST” the shareholder proposal.
After careful consideration, and for the reasons set forth below, the Board believes it is not in the best interests of Chemours or its shareholders to create an employee advisory position to the Board.
The Board has open access to management of the Company on all issues affecting the business, its employees, and the communities in which it operates. Management provides the Board with regular updates on the Company’s performance, including environmental, health and safety (EHS) metrics.
As part of our Corporate Responsibility Commitments, we are focused on safety and take pride in instilling a strong safety culture throughout the Company. We strive for all employees and contractors to return home safely and injury free each day, and to avoid any safety impact on our local communities. Employees are empowered to raise and resolve safety concerns and trained to have the necessary knowledge and skills to work safely.
Employees have many open channels through which they are encouraged to communicate with their management and voice their concerns. To reinforce our principles and strengthen our management systems, we run multiple auditing systems to ensure we are living up to our expectations and commitments.
For the foregoing reasons, the Board believes that a wage roll employee advisor role to the Board is not necessary.
THE BOARD RECOMMENDS THAT YOU VOTE “AGAINST” THIS SHAREHOLDER PROPOSAL.