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Shareholder Proposal Asks Apple for Privacy Risk Report

DATA PROTECTION

September 25, 2012

A group of Apple’s investors have filed a shareholder proposal seeking a report on how the company’s board of directors governs privacy and data security vulnerabilities, according to an OpenMIC press release. The proposal states that “Apple’s board has a fiduciary and social responsibility to protect company assets, which include the personal information of a variety of stakeholders.” The two groups co-filing the proposal cite a number of recent cybersecurity and privacy incidents affecting the company and refer to a Carnegie Mellon University Cylab study by Jody Westby that looked into how executives manage cyber risks. “My Cylab governance surveys indicate the governance by boards and senior management is not where it should be,” Westby told the Daily Dashboard, adding, “This type of shareholder inquiry cannot be ignored or passed down the line by senior management.”
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