RW trolls have shareholder proposal for Apple annual meeting.

[mahatmakanejeeves]

Go to the proxy statement:

https://s22.q4cdn.com/396847794/files/doc_financials/2019/Proxy_Statement_2019.pdf

Look at Proposal 5, on page 55:

Proposal No. 5 – Shareholder Proposal

Apple has been advised that the National Center for Public Policy Research, 20 F Street, NW Suite 700, Washington, DC 20001, which has indicated that it is a beneficial owner of at least $2,000 in market value of Apple’s common stock, intends to submit the following proposal at the Annual Meeting:

True Diversity Board Policy

Resolved, that the shareholders of Apple Inc. (the “Company”) request the Board adopt a policy to disclose to shareholders the following:

1. A description of the specific minimum qualifications that the Board’s nominating committee believes must be met by a nominee to be on the board of directors; and

2. Each nominee’s skills, ideological perspectives, and experience presented in a chart or matrix form.

The disclosure shall be presented to the shareholders through the annual proxy statement and the Company’s website within six (6) months of the date of the annual meeting and updated on an annual basis.

Supporting Statement

We believe that boards that incorporate diverse perspectives can think more critically and oversee corporate managers more effectively. By providing a meaningful disclosure about potential Board members, shareholders will be better able to judge how well-suited individual board nominees are for the Company and whether their listed skills, experience and attributes are appropriate in light of the Company’s overall business strategy.

The Company’s compliance with Item 407(c)(2)(v) of SEC Regulation S-K requires it to identify the minimum skills, experience, and attributes that all board candidates are expected to possess.

True diversity comes from diversity of thought. There is ample evidence that the Company – and Silicon Valley generally – operate in ideological hegemony that eschews conservative people, thoughts, and values. This ideological echo chamber can result in groupthink that is the antithesis of diversity. This can be a major risk factor for shareholders.

We believe a diverse board is a good indicator of sound corporate governance and a well-functioning board. Diversity in board composition is best achieved through highly qualified candidates with a wide range of skills, experience, beliefs, and board independence from management.

We are requesting comprehensive disclosures about board composition and what qualifications the Company seeks for its Board, therefore we urge shareholders to vote FOR this proposal.

National Center for Public Policy Research

The National Center for Public Policy Research, founded in 1982, is a self-described conservative think tank in the United States. Its founding CEO is Amy Ridenour, who serves as chairwoman. David A. Ridenour, her husband, is president, having served as vice president from 1986-2011. Key staff include Jeff Stier, who runs its Risk Analysis Division, Justin Danhof, who runs its Free Enterprise Project, Horace Cooper and Cherylyn Harley LeBon, who run its Project 21, Senior Fellows David Almasi, R.J. Smith, and Bonner Cohen, Distinguished Fellow Deroy Murdock, Media Director Judy Kent and Digital Media Specialist Jennifer Biddison. Bishop Council Nedd II, Joe R. Hicks, Stacy Washington, Demetrius Minor, Emery McClendon, Niger Innis, Dr. Elaina George, Dr. Day Gardner, Nadra Enzi, Dutch Martin, Kevin Martin and Christopher Arps are among those who frequently speak or publish under the Project 21 and/or National Center banner.

The National Center for Public Policy Research does this all the time.