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By Julia Love and Stephen Nellis
SAN FRANCISCO (Reuters) -The U.S. Securities and Alternate Fee has denied Apple Inc’s bid to exclude a shareholder proposal that may require the corporate to tell buyers about its use of non-disclosure agreements and different concealment clauses, in accordance with a doc seen by Reuters.
The transfer signifies that Apple must face a vote on the proposal at its annual shareholder assembly subsequent 12 months, barring a take care of the activist. Apple has stated its coverage is to not use concealment clauses, however former staff dispute that.
In September, investor Nia Affect Capital filed a shareholder proposal calling for Apple’s board to arrange a “public report assessing the potential dangers to the corporate related to its use of concealment clauses within the context of harassment, discrimination and different illegal acts.”
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