Apple has released information about the diversity of its workforce for years, but a shareholder proposal approved Friday noted that the company has no Hispanics and only one Black person on its executive team.
A majority of Apple investors on Friday voted for a civil-rights audit to examine the impact of the tech giant’s policies and practices on the civil rights of employees, customers and society, as well as a proposal to investigate the company’s use of concealment clauses.
Apple has released information about the diversity of its workforce for years, but the proposal noted that the company has no Hispanics and only one Black person on its executive team. Waizenegger said Friday that he hopes the civil-rights audit can “conduct a real assessment on how they can increase diversity” at Apple. “A company shouldn’t just say what it’s doing, it needs to show it.”
Scarlett had contended that Apple had asked her to sign a non-disclosure agreement, thus limiting what she could say about her departure, but the company had told the SEC it does not use concealment clauses. Apple did not return requests for comment Friday, but its opposition to the civil-rights audit proposal, as stated in the company’s proxy, said it “already fulfills the objectives of the proposal in several ways.”
Influential proxy-advisory firms Institutional Shareholder Services and Glass Lewis had both recommended that investors vote for the proposals on a civil-rights audit and a report on the company’s use of concealment clauses. ISS also supported all the other shareholder proposals except the one about Apple becoming a public-benefit corporation, and urged voters to vote against the company proposal to ratify executive compensation, which passed.
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