Tom Borelli, National Center for Public Policy director and Apple shareholder, discusses why he is accusing Al Gore of violating Apple’s trade policies, and why he is bringing this up at the company’s shareholder meeting:
What we know is Al Gore has huge investments in renewable energy. We also know that you need legislation, “Cap and Trade” or mandates, for those investments to get a profit. And then magically, all of a sudden during the big climate debate, Apple dropped its membership in the U.S. Chamber of Commerce. The U.S. Chamber of Commerce was leading the attack to block “Cap and Trade.” So we think Al Gore somehow was involved with the company dropping its membership. – Tom Borelli
Apple Inc.’s Statement in Opposition to Proposal No. 4 reads in part:
The Company is committed to transparent corporate governance practices and to policies that promote the accountability of its Board. The Company does not believe that the report advocated in Proposal No. 4 is either a necessary or a useful undertaking to foster transparency or accountability at the Board level. The Company already has a robust set of policies and procedures in place to identify and address conflicts of interest by its directors, and the intent of the proposal is already substantially implemented.
Apple’s annual meeting of shareholders is scheduled for February 23, 2012.
Full article here.
Apple’s 2012 Proxy, including Proposal No. 4, Shareholder Proposal Entitled “Conflict of Interest Report” and Apple’s response, can be found in its entirety (.pdf) here
[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]