[ [link removed] ]The Apple logo surrounded by cash
John,
We've been so successful using shareholder action to get companies to
change their bad behaviour...that they're trying to shut the whole program
down!
Just last year, a SumOfUs shareholder resolution forced Apple to publish
its first-ever human rights policy. So now they made a new rule -- anyone
who wants to bring this kind of resolution will need to hold thousands of
shares...and they set a deadline to buy them that's just a few days away.
They're trying to silence everyone but the richest shareholders. But
John, we can beat them at their own game.
If 5000 people reading this email chip in the cost of a coffee, SumOfUs
can buy enough shares in Apple to have our say at the AGM, ratcheting up
the pressure on execs over the company's use of Uyghur forced labour in
the supply chain, and more.
For the next 24 hours, everything you give will be matched 2:1 by a
generous donor, tripling your impact -- can you join in to buy a slice of
Apple?
[ [link removed] ]Chip in
$1[ [link removed] ]Chip
in another amount
Shareholder advocacy used to be straightforward -- a SumOfUs member with
stocks would just sign a letter, get a letter from their broker, and our
community could file a co-resolution to be debated at Annual General
Meetings.
And we had incredible success, not only with Apple's human rights policy.
A strong shareholder proposal pushed TD Bank, one of the world's biggest
funders of fossil fuels, to commit to net-zero by 2050. Pepsi committed to
sustainably-sourced palm oil. And more!
But now the US stock authority is rigging the rules to favour big-dollar
shareholders, adding time-consuming and arduous rules: increasing the
minimum number of shares, increasing how long you have to hold the shares,
and requiring that co-filers like SumOfUs provide a list of times they can
meet with the corporation to discuss their resolution.
It's a lot to ask. But the good news is it means our strategy is working.
And there's a simple solution: bring our community together to buy stocks
in some of the biggest corporations to keep achieving real-world change.
And we're starting with Apple. Can you help hold these corporate giants to
account? (Remember, your donation is TRIPLED by a generous donor)
[ [link removed] ]Chip in
$1[ [link removed] ]Chip
in another amount
Thanks for all that you do,
Danny and the SumOfUs team
---------------------------------
More information:
[ [link removed] ]SEC Adopts Amendments to Modernize Shareholder Proposal Rule. US
Securities and Exchange Commission. 23 September 2020.
[ [link removed] ]Apple faces shareholder vote on human rights policies. Financial Times.
16 December 2019.
SumOfUs is a worldwide movement of people like you, working together to hold corporations accountable for their actions and forge a new, sustainable path for our global economy.
Please help keep SumOfUs strong by chipping in $3. [link removed]