NLPC will exercise shareholders' right to oppose the re-nomination of CEO Tim Cook to the board of directors
CTOnews.com, February 24 (Xinhua)-- the National Center for Law and Policy (NLPC) will exercise its rights as a shareholder of Apple and propose to remove Al Gore and CEO Tim Tim Cook from the board of directors at the shareholders' meeting on March 10.
Apple's annual shareholders' meeting will be held on March 10 this year, and shareholders will have the opportunity to vote on the proposal, appoint board members or other administrative actions.
CTOnews.com has filed two exemption requests with the Securities and Exchange Commission for Gore and Cook, two Apple board members, according to Fox Business reports.
One document urged Apple shareholders to vote against Gore's continued candidacy as a director, while another opposed the re-nomination of CEO Tim Cook to the board.
Paul Chesser, director of the Corporate Integrity Program at NLPC, told Fox Business:
Al Gore was not qualified to serve on Apple's board from the beginning, so it is absurd to let him last for more than 20 years.
His only contribution to Apple is his fame in curbing the tide of global warming. Many of his other predictions of misfortune proved to be untrue and he should be regarded as a false prophet.
Both proposals will be heard and voted on at the shareholders' meeting on March 10.