“At the meeting, shareholders defeated two shareholder proposals, one asking that rules allowing shareholders to nominate directors to the board be eased, and another asking for a human rights committee at Apple,” Nellis reports. “The proxy access measure asked Apple to reconsider its rules for shareholders to nominate directors; the rules say that a group of no more than 20 shareholders must hold 3 percent of Apple’s stock in order to nominate a director for one of the eight director positions. The proposal did not pass, with 67.8 percent of shareholders voting against it.”
“Another proposal urged Apple to create a human rights panel to oversee issues such as workplace conditions and censorship in China and to report results back to the public. The proposal was defeated, with 94.4 percent of shareholders voting against it,” Nellis reports. “Apple had recommended that shareholders vote against both of the measures.”
Read more in the full article here.
MacDailyNews Take: The special dividend hope was always a pipe dream.
Why a record $38 billion U.S. tax payment is a good deal for Apple – January 18, 2018
‘We want to help America,’ Apple CEO Tim Cook says of moving foreign money back to the U.S. – January 18, 2018
Apple to build new U.S. campus, pay record $38 billion repatriation tax – January 18, 2018
Apple gives employees $2,500 bonuses after President Trump signed the GOP’s Tax Cuts and Jobs Act – January 17, 2018
Looks like Apple is bringing nearly all of its $250 billion foreign cash back home to America – January 17, 2018
Apple plans to add $350 billion to U.S. economy and create over 20,000 new jobs over next 5 years, pay $38 billion in repatriated taxes, the largest ever made – January 17, 2018
Apple expected to issue less debt in 2018 now that President Trump has signed the Tax Cuts and Jobs Act – January 16, 2018
Apple aims to block shareholder proposals on climate and human rights concerns – December 11, 2017