XPO Logistics/GXO Logistics: Social and Governance Risk

September 22, 2021

WATCH HERE

One of the world’s supply chain giants, XPO Logistics stands at a critical juncture as it splits into two companies: XPO and GXO. The new companies face serious corporate governance and workplace concerns. At its recent annual meeting, investors rejected XPO’s executive pay arrangements due to concerns over mega equity grants.

During the Covid-19 pandemic workers reported poor health and safety practices while courts ordered the company to settle numerous cases of misclassifying workers creating ongoing legal and reputational risks. In addition, accusations of Covid outbreaks, misuse of UK public furlough funds and sharing of PPE in warehouses have cast a shadow over the spin off GXO as the largest pureplay logistics company.

This webinar features:

XPO/GXO workers: A bottom-up view of employment practices

Beth Gutelius, PhD, Research Director of the Center for Urban Economic Development at the University of Illinois Chicago and an expert in the warehouse industry

Louis Malizia, International Brotherhood of Teamsters: trade union perspective on systemic workplace risks

Tom Harrington, Greater Manchester Pension Fund: Investor perspective