NETFLIX, INC. | Amend code of ethics at NETFLIX, INC.

Status
5.88% votes in favour
AGM date
Previous AGM date
Proposal number
6
Resolution details
Company ticker
NFLX
Lead filer
Benedictine Sisters of Mount St. Scholastica
Resolution ask
Adopt or amend a policy
ESG theme
  • Social
ESG sub-theme
  • Decent work
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Discretionary
Company HQ country
United States
Resolved clause
Shareholders urge the Board of Directors of Netflix to amend the publicly available Code of Ethics to expand the topic “Inclusive & Respectful Work Environment,” addressing key issues such as non-discrimination, anti-harassment, and whistleblower protection.
Whereas clause
Netflix, as a leader in the entertainment industry, has built its reputation on promoting diverse voices and fostering inclusion, as recognized by the Annenberg Inclusion Initiative2. However, female representation on Netflix’s board stands at 31% (2024)3, significantly lower than its overall workforce representation of 51.6% (2023 ESG Report)4.

As a media company, Netflix’s reputation relies on fostering a culture of inclusion and accountability across all organizational levels, including its board. Strong policies that embed these principles are critical for setting clear expectations, empowering leadership and employees to address concerns, and aligning with Netflix’s commitment to DEI.

Enhancing the Code of Ethics to reflect these priorities would reinforce Netflix’s leadership in DEI, reduce reputational and operational risks, and strengthen its ability to attract and retain top talent and collaborators from diverse backgrounds.
Supporting statement
In September 2023, Netflix updated its Code of Ethics1, but critical areas still lack sufficient detail to align with best practices in diversity, equity, and inclusion (DEI).

Enhancing the Code of Ethics would address key gaps by:



1.
Clearly specifying protected characteristics and covering all aspects of employment, such as recruitment, compensation, and promotions.



2.
Defining harassment with concrete examples of abusive behavior.



3.
Outlining the scope of whistleblower protections against retaliation, such as termination, demotion, threats, discrimination, or harassment, for raising concerns in good faith.

How other organisations have declared their voting intentions

Organisation nameDeclared voting intentionsRationale
THEMATICS Asset ManagementAgainst

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