A federal appeals court has reversed a ruling that would have required Walmart to allow shareholders to vote on firearms sales policies.
Walmart had objected to allowing a vote on proposals for stricter sales of firearms, which originally came from New York Cityâs Trinity Church â a shareholder of Walmart.
The retailer said it would âopen the floodgatesâ to more shareholder proposals, causing interference in its day-to-day business operations, Reuters reported.
Trinity Church proposed that the sale of âproducts that especially endanger public safety and wellbeing, risk impairing the companyâs reputation, or offend the family and community values integral to the companyâs brandâ, would have had to require the approval of Walmartâs board.
A district court agreed with Trinityâs proposal in November last year but Walmart appealed the ruling.
In Tuesdayâs order, the appeals court said: âWalmart may exclude Trinityâs proposal from its 2015 proxy materials.â
A spokesman for Walmart said: âThe 3rd Circuit reached the right decision. Walmart does not sell guns in all its stores, but has said it is committed to selling them âsafely and responsiblyâ.
















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