Bloomberg Law
Dec. 19, 2017, 9:00 PM

Apple Can Block Proposal on Tying Diversity to Executive Pay

Andrea Vittorio
Andrea Vittorio

Apple Inc. can keep off its ballot next year an investor request to consider linking executive pay to the company’s performance on diversity and other sustainability metrics.

The Securities and Exchange Commission’s staff is letting the iPhone maker block the proposal from going to a shareholder vote because it’s repetitive of previous calls by Zevin Asset Management for more diverse executives and board members.

Those past proposals on diversity didn’t get enough shareholder support for Zevin to submit another one, the SEC said in a Dec. 15 letter, made public this week.

Diversity Concerns

“It was disappointing to see ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.