A group of investment firms and foundations with widely-diversified investment portfolios today called upon the Federal Communications Commission (FCC) to adopt network neutrality rules that would protect an open Internet. They recommended reclassification of broadband Internet service under Title II of the Communications Act, giving the FCC clear regulatory authority over the Internet network infrastructure that serves millions of individuals, entrepreneurs and established businesses throughout the U.S.
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The Open MIC Blog
American Express shareholders expressed strong support for a consumer privacy proposal filed by sustainable wealth manager, Arjuna Capital in collaboration with open media advocate Open MIC. The proposal was supported by over 21% of shareholders at the company’s annual meeting held Monday in New York, representing a high historic vote on a social issue.
This shareholder proposal represents the first of its kind requesting a “transparency report” that has gone to a vote of shareholders. Specifically, the proposal asked the Board of Directors of American Express (NYSE:AXP) to publish a report on consumer privacy, data security, and government requests for customer information.
A shareholder proposal calling on Verizon Communications Inc. to report on business risks arising from the company’s opposition to open Internet and network neutrality principles has gained important new support from investors, winning 26.4% of the vote at Verizon’s annual meeting on May 1.