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Google’s parent holding company Alphabet is holding its annual shareholders meeting on 19 June 2019 in Sunnyvale, California. In addition to three points brought by the Executive board, the meeting agenda contains 11 points brought by minority shareholders, five of which relate to corporate governance with the remaining six on the need for transparency over ethics and the company’s internal and external practices. Management advice to is vote against all of the shareholders’ proposals and they will not pass anyway since Google co-founders Sergeï Brin and Larry Page alone hold 51% of voting rights. The minority shareholders are calling for the nomination of an employee representative director for the board and in addition they have lodged proposals relating to ethics and transparency within the group, something which employees have been vociferously calling for over several months (c.f. article No. 11104, from 29 April 2019), a report on sexual harassment risk management, a report on gender pay, a guarantee equitable employment practices, a bonus clawback policy in cases of management behavior that contravenes internal policy, the establishment of a societal risk oversight committee and the establishment of a sustainability metrics report that is included in the management’s annual targets, a proposal regarding Google Search within China vis-à-vis censorship, and an overhaul of accessible content governance.
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