Apple’s shareholders have approved a proposal urging the iPhone maker to undergo an independent audit assessing its treatment of female and minority employees.
FILE - In this Saturday, March 14, 2020, file photo, an Apple logo adorns the facade of the downtown Brooklyn Apple store in New York. Apple's shareholders have approved a proposal Friday, March 4, 2022, urging the iPhone maker to undergo an independent audit assessing its treatment of female and minority employees, delivering a rare rebuke to a management team that runs the world's most valuable company.
But rebuffing the wishes of its shareholders would thrust Apple into an uncomfortable position, especially since the company has long cast itself as a champion of civil rights. CEO Tim Cook reiterated that belief Friday in response to a question from a shareholder during the meeting held remotely. Apple's board had pushed against the shareholder proposal seeking a civil rights audit that eventually be made public. The company pointed to its recent strides in civil rights inside and outside Apple that have made a third-party audit of its practices unnecessary.
But proponents of the civil rights proposal insisted Apple hasn't been doing enough, making it imperative for outsiders to investigate recurring reports of sexual harassment, discriminatory practices and other abuses within the company, which employs 154,000 worldwide. Most shareholder proposals are overwhelmingly rejected when they're opposed by the boards of publicly held companies. That was the case for five other shareholder proposals during Apple's meeting Friday.
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