Google Inc. (Alphabet Inc.) | Congruency report at Google Inc. (Alphabet Inc.)

Status
0.43% votes in favour
AGM date
Previous AGM date
Proposal number
7
Resolution details
Company ticker
GOOGL
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Other
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Technology
Company HQ country
United States
Resolved clause
Resolved: We request that Alphabet Inc. (the “Company”) publish a report, at reasonable expense, analyzing the congruency of voluntary partnerships with organizations that facilitate collaboration between businesses, governments and NGOs for social and political ends against the Company’s fiduciary duty to shareholders.
Supporting statement
Supporting Statement:



Alphabet does not list the World Economic Forum (WEF), Council on Foreign Relations (CFR), Business Roundtable (BR) or other similar globalist organizations among its partners or as recipients of contributions;1 however, WEF and CFR do list the Company as a partner,2 BR lists CEO Sundar Pichai among its members,3 and Google founders Larry Page and Sergey Brin both graduated from WEF’s “Young Global Leaders” program.4 Why the inconsistency? Why is the Board concealing these partnerships, amongst other similar ones, from shareholders?



Alphabet’s legal duty as a Delaware business corporation requires it to first serve the interests of its shareholders.5 Because Alphabet is not a public benefit corporation,6 all additional Company actions and expenditures with third parties must be shown by the Board to be congruent with the interests of shareholders and the Company’s fundamental purpose.



However, the agendas of WEF, CFR, BR and other such organizations are antithetical with the Company’s fiduciary duty. This obliges the Board to explain how these partnerships serve the interests of shareholders (rather than Directors).



WEF, for example, describes itself as an “international organization for public-private cooperation,” and that it was “founded on the stakeholder theory, which asserts that an organization is accountable to all parts of society.”7



Similarly, CFR describes itself as a “membership organization” for both “government officials” and “business executives” on an international scale,8 and BR pretended to redefine “the purpose of a corporation” such that a corporation ought to cater to the special interests of “stakeholders” rather than the fundamental interests of its owners, the shareholders.9



Those agendas are incongruent with the interests of Alphabet shareholders and the traditional – and legally binding – definition of a corporation. The more the Board pays favor to hand-picked “stakeholders,” the less it’s accountable to capital-providing shareholders. In partnering and conspiring with WEF and others, then, Alphabet shareholders are funding the efforts designed to debase their own influence as shareholders within the Company.



But most importantly, it’s the radical agendas of these organizations that makes partnering with them so troubling, not to mention inconsistent with the values of most shareholders.



For example, WEF openly advocates for transhumanism,10 abolishing private property,11 eating bugs,12 social credit systems,13 “The Great Reset,”14 and host of other blatantly Orwellian objectives.



Most Alphabet shareholders are unaware (since the Board hides it from them) that their capital is in part being used to pursue this anti-human, anti-freedom agenda. Moreover, none of this is congruent with the Company’s basic purpose of providing value to shareholders by serving customers.

How other organisations have declared their voting intentions

Organisation name Declared voting intentions Rationale
Kutxabank Gestion SGIIC SAU. Against
Anima Sgr Against However, a congruence report on the company's partnerships with various organizations that facilitate collaboration between businesses, governments, and NGOs is overly broad and would likely not provide useful information to allow shareholders to better assess the company's political activities.
EFG Asset Management Against
Rothschild & co Asset Management Against

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