Proxy advisory agency Institutional Shareholder Providers (ISS) is recommending that Apple shareholders vote for the corporate’s director nominees and the pay packages for CEO Tim Cook dinner and different prime executives.
The ISS stance, printed in a analysis word on Friday, comes after the iPhone maker had slashed Cook dinner’s 2023 compensation goal by greater than 40% to $49 million. Cook dinner’s wage can even rely extra on how nicely the corporate’s shares carry out relative to market friends, based on regulatory filings by the corporate.
The proxy advisory agency additionally really helpful traders vote for proposals together with a decision demanding a report on median gender and racial pay gaps, and an modification of proxy entry proper, each of which had been opposed by the corporate’s administration…
Throughout final yr’s annual assembly, Apple shareholders had voted down a proposal requesting that the corporate report on its gender and racial pay gaps, with 66.4% of votes solid towards it.
MacDailyNews Notice: Apple will host the 2023 Annual Assembly of Shareholders on March 10, 2023 at 9:00 am P.T. in a digital format. You’ll be able to entry the assembly by visiting www.virtualshareholdermeeting.com/AAPL2023 on the day of the assembly. The financial institution, dealer, or different group that holds your Apple shares might be issuing proxy supplies to you that may embody a singular management quantity. You’ll want that distinctive management quantity to entry the assembly, and vote throughout the assembly. The file date for the assembly is January 9, 2023. Extra particulars concerning the assembly and the issues to be voted on can be found in Apple’s proxy assertion right here.
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Washington’s Farewell Deal with, September 19, 1796
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