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When will the Apple shareholders meeting take place – topics, vote, location

The general meeting will take place on February 28th

Apple’s annual shareholder meeting will take place on February 28th. The shareholder proposals push for transparency from Apple around AI and address concerns from conservative politicians. However, Apple advises voting “against”.

At the annual shareholder meeting, Apple and shareholders can discuss how the company is operating and achieving its goals. It is held February 28th Topics include those of CEO Tim Cook Compensation and vote for it new board members.

There is a third proposal from Apple – a vote to ratify Ernst & Young’s appointment as Apple’s independent registered public accounting firm for 2024. The three management proposals, which include the board vote and the compensation vote, will all go to shareholders for a vote recommended. for.”

There are five shareholder proposals, all of which the Apple board recommends voting against. These proposals range from calls for transparency in the use of AI to several concerns shared by conservative viewpoints.

The following is a summary from Apple SEC filing.

Suggestion #4: EEO Policy Risk Report

The National Center for Public Policy Research is calling on Apple to issue a public report detailing the potential risks associated with omitting “viewpoint” and “ideology” from its written equal employment opportunity (EEO) policy are. There are concerns that Apple does not explicitly prohibit discrimination based on views or ideology.

The proposal suggests that this lack of language in the EEO policy has led to “ample evidence that individuals with conservative views may be subject to discrimination at Apple.”

Apple recommends voting against Proposal #4 because such a report would not provide any significant additional information. The company says it already fosters a culture where every great idea can be heard and everyone belongs.

Proposal No. 5: Report on ensuring respect for civil liberties

The American Family Association is “concerned by recent reports that Apple is arbitrarily restricting access to content within its online services.” The proposal suggests that Apple is helping the Chinese Communist Party restrict information by removing popular Quran and Bible applications from the App Store in China.

The Apple logo is overlaid on a stock market chart showing the price rise

A number of issues are voted on at Apple’s annual shareholder meeting

In addition, Apple’s proposal suggests alleged threat The distance from

Apple’s board recommends voting against Proposal No. 5 because it must comply with local laws and mentions that it works hard to prevent illegal content from ending up in a country’s stores. The company already explains its standards and procedures for curating apps, as well as government orders for app removal.

Proposal #6: Racial and Gender Wage Gap

Arjuna Capital’s Anmol Mehra calls on Apple to provide a report on average racial and gender pay gaps. Apple’s adjusted gaps report is believed to ignore unadjusted gaps but fails to address structural biases for women and minorities in opportunities and pay.

Apple’s Board of Directors recommends voting against Proposal #6 as it already provides robust disclosure of employee composition through the Inclusion and Diversity website. The company also claims that it has achieved gender equity globally, as well as racial and ethnic pay equity in the United States.

Proposal #7: Report on the use of AI

AFL-CIO Equity Index Funds is calling on Apple to produce a transparency report on the company’s use of artificial intelligence and disclose ethical policies surrounding the technology. There are fears that the use of AI could lead to discrimination, mass layoffs or the spread of false information if left unchecked without guidelines.

An image combining the Siri sphere and the ChatGPT logo

Apple is working on AI for iOS 18

Apple’s board recommends voting against Proposal No. 7 because it is too broad and could include disclosure of strategic plans and initiatives that harm its competitive position. Additionally, Apple says it already provides resources and transparency for the use of artificial intelligence and machine learning.

Proposal #8: Privacy and Human Rights Congruence Report

The National Legal and Policy Center is calling on Apple to submit a report analyzing whether Apple’s privacy and human rights policies are generally enforced. The proposal cites restricting AirDrop in China and stopping sales of products in Russia as measures that are inconsistent with Apple’s policies.

Apple’s board recommends voting against Proposition #8 because it respects human rights and is transparent about its approach to complex situations such as government requests. The requested report would not contain any additional material information.

Shareholders will have the opportunity to vote on February 28, 2024 at 12:00 p.m. Eastern Time. To join the meeting, vote, and submit questions, visit Apple Meeting portal and include the control number in your Notice of Internet Availability of Proxy Materials, Voting Instruction Form, or Proxy Card.