INTEL CORPORATION | Report on ethical impact assessment at INTEL CORPORATION

Status
AGM passed
AGM date
Previous AGM date
Proposal number
5
Resolution details
Company ticker
INTC
Lead filer
Individual
Resolution ask
Conduct due diligence, audit or risk/impact assessment
ESG theme
  • Social
ESG sub-theme
  • Human rights
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Technology
Company HQ country
United States
Resolved clause
the shareholders of Intel Corporation request the Board of Directors to conduct a comprehensive Ethical Impact Assessment specifically addressing:
1.The moral and legal implications of Intel maintaining corporate operations in a context of present alleged systematic human rights violations and alleged genocide
2.The extent to which Intel corporate presence potentially provides economic legitimacy to actions condemned by most international5 and some Israeli6 human rights organizations,
3.The clear, actionable criteria for corporate engagement in countries committing human rights violations, crimes against humanity and potential genocide. And more directly, the ethical thresholds for potential corporate responses, including potential divestment from or operational downsizing within those countries
4.The mechanisms for continuous ethical evaluation
FURTHER RESOLVED that the Board of Directors should issue a public report on the above assessment once completed.
Whereas clause
The following stockholder proposal will be voted on at the 2025 Annual Meeting if properly presented by or on behalf of the stockholder proponent.
Proponent: Nicholas Collins, 4611 E Chandler Blvd, Ste 112-1028, Phoenix, AZ 85048, is the owner of no less than $25,000 in market value of shares of Intel common stock and proposes the following resolution:
WHEREAS, Intel Corporation has established a Code of Conduct1 that emphasizes ethical business practices and corporate responsibility, including respect for human rights and ethical leadership;
WHEREAS, corporate complicity in regions experiencing severe humanitarian crises raises profound ethical questions about the moral responsibilities of multinational corporations;
WHEREAS, Intel operates significant business facilities in Israel and is one of the largest private employers in Israel, during a period when the country is facing serious international allegations of human rights violations2, crimes against humanity3 and potential genocide4 in Gaza;
WHEREAS, continued economic engagement may be interpreted as tacit support for such actions;
WHEREAS, shareholders have a responsibility to critically examine the ethical implications of corporate operations in contexts of extreme human rights concerns;

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