Shareholder Proposal on Sexual Harassment to be Considered at Alphabet (Google) Annual Meeting

On Wednesday, June 19, a shareholder proposal sponsored by the National Legal and Policy Center will be presented by NLPC Chairman Peter Flaherty at the Alphabet (Google) annual meeting in Sunnyvale, California. Here is the text of the resolution and supporting statement:

WHEREAS, Company executives have aggressively allied themselves with a variety of progressive social and political causes at the same time sexual harassment is alleged to be a serious problem within the Company by many of the Company’s own employees.

This hypocrisy threatens the Company’s reputation. The fate of The Weinstein Company LLC, which has declared bankruptcy, underscores this risk.

Several public companies have lost billions in market capitalization shortly after executives have been accused of sexual misconduct, prompting lawsuits by shareholders.

Recent events have placed the Company’s policies and practices under scrutiny. In December 2017, then-Executive Chairman of the Board of Directors Eric Schmidt abruptly and unexpectedly stepped … Read More ➡

Google Shareholder Files Resolution on Sexual Harassment

National Legal and Policy Center (NLPC) has submitted a shareholder proposal to Alphabet, the parent company of Google, addressing the issue of sexual harassment. Last week, Google announced that it would end its policy of requiring mandatory arbitration for sexual harassment claims. The move apparently prompted similar actions by Facebook, eBay and Airbnb.

The Alphabet annual meeting is expected to take place in June. We hope that the company will embrace our resolution to demonstrate its commitment to dealing with this problem. If the company does not support it, we call upon fellow shareholders to act.

NLPC sponsors the Corporate Integrity Project. Here is the text of the resolution and supporting statement:

WHEREAS, Company executives have aggressively allied themselves with a variety of progressive social and political causes at the same time sexual harassment is alleged to be a serious problem within the Company by many of the Company’s own … Read More ➡