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Apple shareholders nix proposals for director nomination procedure changes, human rights committee

At its annual meeting (held today), two Apple shareholder proposals weren’t approved. Also, CEO Tim Cook downplayed a suggestion that the company might issue a special dividend to shareholders with some of the $285 billion in cash that the company is now able to bring back from overseas.

A proxy access measure sought reconsideration of the company’s rules for shareholder nomination of directors, that currently say a group of no more than 20 shareholders have to hold a 3% stake to nominate. That measure failed with 67.8% against. Meanwhile, a call for a human rights committee that would report its oversight to the public failed with 94.4% opposed. 

Shareholders did approve four company-proposed measures, including a required “say on pay” vote for executive compensation.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.