U.S. SEC denies Apple’s bid to dismiss shareholder proposal on concealment clauses
The Hindu
The move means that Apple will have to face a vote on the proposal at its annual shareholder meeting next year, barring a deal with the activist.
The U.S. Securities and Exchange Commission has denied Apple Inc's bid to exclude a shareholder proposal that would require the company to inform investors about its use of non-disclosure agreements and other concealment clauses, according to a document viewed by Reuters.
(Sign up to our Technology newsletter, Today's Cache, for insights on emerging themes at the intersection of technology, business and policy. Click to subscribe for free.)
The move means that Apple will have to face a vote on the proposal at its annual shareholder meeting next year, barring a deal with the activist. Apple has said its policy is not to use concealment clauses, but at least one former employee has disputed that and filed a whistleblower complaint with the securities regulator.
CMC hosts a torch rally with 125 volunteers in Vellore to celebrate 125 years of dedicated service.
Government Women's Polytechnic in Nellore faces urgent repairs, yet funds remain unrequested due to budget constraints, risking student safety.
Author Salma and ‘Ervadi’ S. Radhakrishnan honored with Kaviko award at a ceremony in Vellore, receiving recognition and cash prize.
Mangaluru police arrest four individuals and seize half a kg of MDMA worth ₹50 lakh intended for local youth.
Uddhav Thackeray calls for appointing Leaders of Opposition in Maharashtra Assembly, stressing the need for constitutional compliance ahead of the Winter Session.
Shashi Tharoor highlights English's significance in India, emphasizing its enriched lexicon through Indian word borrowings at a literature festival.
Cricket fans in Vizag enjoyed a thrilling ODI as Kohli, Rohit, and Jaiswal delivered memorable performances for Team India.
Congress leaders, including Kharge and Gandhi, meet to address the Karnataka leadership struggle, planning further discussions.
Kerala's local body polls focus on regional issues and candidates, not a referendum on the LDF government, experts say.
A 74-year-old man and his sister lose ₹80.5 lakh in a digital arrest scam by cyber fraudsters posing as police.
Social Justice Minister honors Dr. B.R. Ambedkar on his death anniversary, joined by top officials in floral tributes and reflections.
NPCIL is to blame for storage of radioactive waste on site of Kudankulam nuclear power plant: Appavu
Tamil Nadu Speaker Appavu criticizes NPCIL for unsafe nuclear waste storage at Kudankulam, urging better solutions for public safety.
Raghavasimhan Sankaranarayanan’s AI innovation, Hathaani, blends the soul of Carnatic music with cutting-edge technology.