The annual meeting of Apple shareholders is held on February 28, the shareholders’ proposals for Apple’s transparency on AI and responding to the concerns of conservative politicians, but Apple advises to vote “against”.
The annual shareholder meeting exists so that Apple and shareholders can discuss how the company works and achieves objectives. He is selected February 28 And the subjects include the CEO Tim Cook compensation and vote for new members of the board of directors.
There is a third proposal from Apple – a vote to ratify the appointment of Ernst & Young as a recorded accounting firm independent of Apple for 2024. The three management proposals, which include the vote of the members of the council of Administration and compensation vote, are all recommended to voting shareholders “for.”
There are five shareholders’ proposals, all against which the Apple board of directors recommends voting. These proposals execute the range of requesting transparency regarding the use of AI to several concerns shared by conservative points of view.
The following is summarized from Apple Dry deposit.
Proposal 4: EEO policy risk report
The National Center for Public Policy Research requests that Apple publishes a public report detailing the potential risks associated with the omission of the “point of view” and the “ideology” of its written policy on equal opportunities in matters of ‘Emploi (EEO). It was feared that Apple explicitly prohibited discrimination based on the point of view or ideology.
The proposal suggests that this lack of language of EEO policy has led to “ample evidence that people with conservative points of view can face discrimination in Apple”.
Apple recommends voting against proposal No. 4 because such a report would not provide significant additional information. The company declares that it already feeds a culture where each excellent idea can be heard and where everyone belongs.
Proposal 5: Report on respect for civil freedoms
The American Family Association is “concerned about recent reports on the arbitrarily limitation of access to content within its online services”. The proposal suggests that Apple helps the Chinese Communist Party to limit information by removing popular applications from the Koran and the Bible of the App Store in China.
In addition, the proposal suggests alleged threat Remove X was an “apparently political scan” characterized by conservative legislators as a “raw exercise in monopolistic power”.
Apple’s board of directors advises to vote against proposal 5, because it must comply with local laws and mentions that it works hard to prevent the illegal content from being on the window of a country. The company already details its standards and procedures to organize applications and details government orders to eliminate applications.
Proposition n ° 6: racial gaps and sexospecific
The requests of Anmol Mehra of Arjuna Capital, Apple, provide a report on median remuneration gaps through breed and sex. It is believed that Apple’s report on adjusted gaps, while ignoring unresolved gaps, does not deal with structural bias for women and minorities concerning opportunities and remuneration.
The Apple board of directors advises to vote against proposal No. 6, because it already provides a robust disclosure of the composition of employees via the website of inclusion and diversity. The company also claims that it has reached equity of sex in the world, as well as equity by race and ethnic in the United States.
Proposal n ° 7: Report on the use of AI
AFL-CIO Equity Index Funds requests that Apple is preparing a transparency report on the use of artificial intelligence by the company and discloses the ethical directives concerning technology. It was afraid that the use of AI could lead to discrimination, mass layoffs or the dissemination of false information if it is not controlled without directives.
Apple’s board of directors advises to vote against proposal n ° 7, because it is too wide and could include the disclosure of strategic plans and harmful initiatives for a competitive position. In addition, Apple declares that it already provides resources and transparency to the use of artificial intelligence and automatic learning.
Proposition n ° 8: Congruence report on privacy and human rights
The National Legal and Policy Center requests that Apple provides an analyzing report if the positions of confidentiality and human rights defense of Apple are applied universally. The proposal quotes the limitation of air parachts in China and ceases the sale of products in Russia as measures that do not correspond to Apple policies.
The Apple board of directors advises voting against proposal No. 8, because it respects human rights and is transparent as to its approach to complex situations such as government demands. The requested report would not provide additional material information.
Shareholders are fortunate to vote on February 28, 2024, at 12 p.m. East time. To assist, vote and submit questions during the meeting, visit Apple meeting portal And enter the control number in your internet availability notice for proxy equipment, voting instructions or proxy card.