Google Inc. (Alphabet Inc.) | Annual Vote Regarding Executive Pay at Google Inc. (Alphabet Inc.)

Status
Filed
Previous AGM date
Resolution details
Company ticker
GOOGL
Lead filer
John Chevedden
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Remuneration or pay
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Technology
Company HQ country
United States
Resolved clause
RESOLVED : Shareholders ask Alphabet (GOOGLE) to initiate an annual vote on whether GOOGLE should subject its executive pay to an annual shareholder vote. Currently GOOGLE conducts such a vote once in 3-years.
Supporting statement
This annual vote shall also include that the GOOGL EDGAR reporting of the vote on this new proposal include that GOOGL shall also report separately the voting results from non-insider GOOGL shares. It is import to disclose the votes of the non-insider GOOGL shares on this important matter because GOOGL insiders Larry Page and Sergey Brin own less than 12% of the value of GOOGL stock yet control 51% of the voting power. The current reporting of the GOOGL voting results is somewhat meaningless because GOOGL insiders have the power to always obtain a majority in favor in spite of owning less than 12% of the value of GOOGL stock.

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.