Meta (FACEBOOK, INC.) | Lobbying Expenditures Disclosure at FACEBOOK, INC.

Status
20.60% votes in favour
AGM date
Proposal number
13
Resolution details
Company ticker
FB
Lead filer
United Church Funds
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Lobbying / political engagement
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Technology
Company HQ country
United States
Resolved clause
Stockholders request the preparation of a report, updated annually, disclosing: • Company policy and procedures governing lobbying, both direct and indirect, and grassroots lobbying communications. • Payments by Meta used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient. • Description of management’s and the Board’s decision-making process and oversight for making payments described in section 2 above. For purposes of this proposal, a “grassroots lobbying communication” is a communication directed to the general public that (a) refers to specific legislation or regulation, (b) reflects a view on the legislation or regulation and (c) encourages the recipient of the communication to take action with respect to the legislation or regulation. “Indirect lobbying” is lobbying engaged in by a trade association or other organization of which Meta is a member. Both “direct and indirect lobbying” and “grassroots lobbying communications” include efforts at the local, state and federal levels. The report shall be presented to the Audit Committee and posted on Meta’s website.
Whereas clause
We believe in full disclosure of Meta Platforms, Inc.’s lobbying activities and expenditures to assess whether its lobbying is consistent with Meta’s expressed goals and in stockholder interests.

How other organisations have declared their voting intentions

Organisation nameDeclared voting intentionsRationale
Universities Superannuation Scheme - USSFor

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