Activision Blizzard tells shareholders to vote against proposed harassment and discrimination report
Activision Blizzard has told its shareholders they should vote against proposals that it make a report on the company’s efforts to prevent harassment and discrimination.
The company will be holding an annual meeting of shareholders on June 21, and sent a notice to all shareholders advising them of the five proposals that will be voted on at the meeting (as reported by Axios).
Of those five proposals, the board has recommended that shareholders approve of three – election of its directors, approval of executive compensation and ratification of the company’s public accounting firm.
However, it has also recommended that they vote against two other proposals – the “nomination of an employee representative director”, and “the preparation of a report about the company’s efforts to prevent abuse harassment and discrimination”.
According to the document, the latter proposal was submitted by the New York State Common Retirement Fund, which has over 1.5 million chares in the company (currently valued at around $121 million).
The proposal states that Activision Blizzard should prepare an annual public report “describing and quantifying the effectiveness and outcomes of company efforts to prevent abuse, harassment and discrimination against protected classes of employees”.
It wants the report to detail the company’s progress on a number of factors, including:
However, Activision Blizzard has told shareholders it should vote against the proposal, claiming it would be a waste of resources.
“First, the Board believes that, rather than diverting energy and resources toward creating yet another report, we should continue to directly respond to employee concerns,” it says. “Focusing all our attention on these concerns is the best way quickly and
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