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Apple Asks to Exclude Proposal Tying Diversity to Executive Pay


Apple Inc. asked U.S. securities regulators if it can exclude a shareholder proposal that pushes the iPhone maker to explore linking executive pay to performance on diversity and sustainability. In an Oct. 9 letter made public this week by the Securities and Exchange Commission , Apple attorneys asked if it could exclude the proposal, from Zevin Asset Management , because similar initiatives haven’t garnered the minimum 6 percent of shareholder support required for re-submission...

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