Investors Want AT&T to Clarify Policies on Surveillance Requests; Cite Documents Characterizing NSA Relationship as a “Partnership”
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.
A coalition of investors, which had requested that Verizon Communications Inc. (NYSE: VZ) publish regular reports on government and law enforcement requests for confidential customer data, today commended the company for publishing its first report and made recommendations for improving future reports.
Citing the potential of “unprecedented and dangerous threats to the privacy of hundreds of millions of people” from government surveillance programs, a group of leading sustainable investment firms has called upon publicly-held U.S. companies to demonstrate leadership by adopting “a pro-active, principled approach to protecting the privacy and rights of their users.”
There is no "safe haven" for investors when it comes to privacy and data security, as clear risks exist for companies of all shapes and sizes.
In response to a shareholder proposal, Apple Inc. has amended its Board’s Audit and Finance Committee charter to include responsibility for privacy and data security risks that confront the company.
First-time investor resolution garners 30% of vote at CenturyTel, 9.2% at EarthLink;
Vote is seen as a signal to other Internet Service Providers