Proxy advisory firm Institutional Shareholder Services (ISS) has urged Apple Inc's investors to vote for its director nominees and the pay packages for top executives, including Chief Executive Tim Cook.
Support for the proposal requesting a report on the median gender and racial pay gap is warranted as it would allow investors to compare and measure the progress of the company's diversity and inclusion initiatives and gauge how it is managing related risks, ISS said.
The proposed amendment to the proxy access right would enhance the company's existing right for shareholders while maintaining safeguards on the nomination process, the note added.the board to make changes, according to corporate governance experts.a proposal requesting that the company report on its gender and racial pay gaps, with 66.4% of votes cast against it.
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