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US food company shareholders reject GMO ban

Shareholders of US food company General Mills have overwhelmingly rejected a proposal that called on the company to remove ingredients derived from genetically modified crops from its products. Only 2% of shareholders voted in favour of the ban. In the proxy statement given to shareholders, the company’s board of directors noted that the GM ingredients the company uses were not new and had been proven safe. GM crops may also reduce the environmental impacts of food production and help with global food security, the board added. It further noted that General Mills is committed to providing GMO-free options to its consumers. General Mills made headlines earlier this year when it announced it had removed GM ingredients from its iconic Cheerios breakfast cereal and had begun labelling the product as GMO-free.

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