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A Yahoo shareholder's failed human rights proposal [USA]

Author: Julianne Pepitone, CNNMoney.com, Published on: 5 July 2011

Yahoo...investor Jing Zhao has proposed each year since 2005 that the company adopt a code of human rights principles. For five years in a row, Yahoo blocked the proposal from its ballot -- but this year, the SEC told Yahoo it should put the issue up for a vote...Zhao's "Human Rights Impacts of Yahoo Business" would mandate that "no information technology products or technologies will be sold, and no assistance will be provided to authorities in China and other repressive countries…Before the vote, Yahoo's board released a statement recommending that shareholders vote against the proposal...Yahoo called Zhao's suggestion "unnecessary," pointing out that it already has several human rights initiatives..."Yahoo is a great company, despite their faults, and that's why I buy positions," Zhao said. "I spent my money to become a shareholder and communicate with American corporations." [also refers to Google, Cisco, Chevron and News Corp]

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Related companies: Chevron Cisco Systems Google (part of Alphabet) News Corporation Yahoo! (part of Verizon)