Proxy advisory firm Institutional Shareholder Services (ISS) has urged Apple Inc's investors to vote for its director nominees and the pay packages for top executives, including Chief Executive Tim Cook.Apple will hold its annual shareholder meeting on March 10. The ISS stance, published in a re
Proxy advisory firm Institutional Shareholder Services has urged Apple Inc's investors to vote for its director nominees and the pay packages for top executives, including Chief Executive Tim Cook.The ISS stance, published in a research note on Friday, comes after the iPhone maker had slashed Cook's 2023 compensation target by more than 40 per cent to $49 million.
The proxy advisory firm also recommended investors vote for proposals including a resolution demanding a report on median gender and racial pay gaps, and an amendment of proxy access right, both of which were opposed by the company's management. The proposed amendment to the proxy access right would enhance the company's existing right for shareholders while maintaining safeguards on the nomination process, the note added.
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