Proposal, Apple

Proposal, Apple

Apple shareholders defeat proposal over Chinese app removal policies

Apple shareholders defeat proposal over Chinese app removal policies

26.2.2020

Apple shareholders defeat proposal over Chinese app removal policies

Apple Inc's shareholders on Wednesday defeated a proposal critical of its removal of apps at the request of the Chinese government, but the ...

The proposal had called on the iPhone maker to report whether it has"publicly committed to respect freedom of expression as a human right." Shareholders defeated it, with 59.4per cent voting against and 40.6per cent voting in favor.The proposal highlighted Apple's 2017 removal of virtual private network apps https://www.reuters.com/article/us-china-apple-vpn/apple-says-it-is-removing-vpn-services-from-china-app-store-idUSKBN1AE0BQ from its App Store in China. Such apps allow users to bypass China’s so-called Great Firewall aimed at restricting access to overseas sites.

"hile we may disagree with certain decisions at times, we do not believe it would be in the best interests of our users to simply abandon markets, which would leave consumers with fewer choices and fewer privacy protections," Apple said in its opposition.

Proxy advisory firms Glass Lewis and Institutional Shareholder Services both recommended votes in favor the measure, according to reports from them seen by Reuters.Shareholders defeated a"proxy access" proposal to allow shareholders to nominate more than one director to Apple's board, with 68.9per cent voting against and 31.1per cent voting for. They also voted down a measure to tie executive compensation to environmental sustainability metrics, with 87.9per cent voting against and 12.1per cent for.



Read more: CNA

Apple faces shareholder vote over Chinese app removal policies Apple Inc's shareholders on Wednesday will vote on a proposal critical of its moves to remove apps at the request of the Chinese government and ...

Apple faces shareholder vote over Chinese app removal policies Apple Inc's shareholders on Wednesday will vote on a proposal critical of its moves to remove apps at the request of the Chinese government and ...

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