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

Status
Omitted
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
Filer type
Shareholder
Company sector
Technology
Company HQ country
United States
Resolved clause
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 every three years. This annual vote shall also require that GOOGLE’s EDGAR reporting of the vote on this new proposal include separate disclosure of the voting results from non insider GOOGLE shares. It is important to disclose the votes of the non insider GOOGLE shares on this important matter because GOOGLE insiders Larry Page and Sergey Brin own less than 12% of the value of GOOGLE stock yet control 51% of the voting power. The current reporting of GOOGLE voting results is somewhat meaningless because GOOGLE insiders have the power to always obtain a majority in favor, despite owning less than 12% of the value of GOOGLE stock.

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