SEC blocks Apple's bid to stop shareholders' radical NDA proposalA vote will take place on the matter at the next shareholders' meeting.
What you need to know
Apple's shareholders want to know more about the company's use of NDAs and concealment clauses.
They have proposed a measure to be voted on at the next shareholders' meeting.
The SEC has denied Apple's bid to stop the proposal.
The SEC has tossed out an attempt by Apple to stop a vote on a proposal from its shareholders that would see it tell investors about its use of non-disclosure agreements and concealments clauses.
From Reuters:
The U.S. Securities and Exchange Commission has denied Apple Inc's (AAPL.O) bid to exclude a shareholder proposal that would require the company to inform investors about its use of non-disclosure agreements and other concealment clauses, according to a document viewed by Reuters.
A group of activists and Apple employees filed a proposed shareholder resolution in September of this year, as iMore first reported:
A group of activists and Apple em...
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SEC blocks Apple's bid to stop shareholders' radical NDA proposal
