Mattel Product Safety

• Company: Mattel
• Subject: Product Safety
• Year: 2008
• Sector: Company Policy
• Lead Filer: New York City Pension Funds
• Co-Filer: Donald A. Kirshbaum, State of Connecticut Treasurer's Office
• Outcome: Withdrawn; company providing requested information

Whereas:

WHEREAS recent reports of toxic and hazardous products imported into the US from overseas, have led to increased concern among consumers, regulators, and lawmakers about the safety of many products sold by US companies,

WHEREAS, since 2006, there have been recalls of over 12 million hazardous Mattel products marketed in the US and,

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 31, 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 by Mattel may be affected by the new product safety concerns described above, and the options for new initiatives or actions management may take to respond to this public 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 safefy, 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.