About Center for Political Accountability
The Center for Political Accountability (CPA) is a non-profit, non-partisan organization that was created in November 2003 to bring transparency and accountability to corporate political spending. It was formed to address the secrecy that cloaks much of the political activity engaged in by companies and the risks this poses to shareholder value. Working with more than 30 shareholder advocates, the CPA is the only group to directly engage companies to improve disclosure and oversight of their direct and indirect political spending. This includes soft money contributions and payments to trade associations and other tax exempt organizations that are used for political purposes. The Center’s aims are to encourage responsible corporate political activity, protect shareholders, and strengthen the integrity of the political process. As a result of the efforts of the CPA and its partners, more than 80 leading public companies, including more than half of the S&P 100, have adopted political disclosure and oversight.
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APPLE INC.
Voting deadline: 2/22/2012Shareholder Resolution Regarding Report on Political Contributions and Expenditures
RESOLVED:
The shareholders of Apple Inc. (“Company”) hereby request that the Company provide a report, updated semiannually, disclosing the Company’s:
1.
Policies and procedures for political contributions and expenditures (both direct and indirect) made with corporate funds.
2.
Monetary and non-monetary contributions and expenditures (direct and indirect) used to participate or intervene in any political campaign on behalf of (or in opposition to) any candidate for public office, and used in any attempt to influence the general public, or segments thereof, with respect to elections or referenda. The report shall include:
a.
An accounting through an itemized report that includes the identity of the recipient as well as the amount paid to each recipient of the Company’s funds that are used for political contributions or expenditures as described above; and
b.
The title(s) of the person(s) in the Company who participated in making the decisions to make the political contribution or expenditure.
The report shall be presented to the board of directors’ audit committee or other relevant oversight committee and posted on the Company’s website.
