shareholder proposal · 2022
Proxy Impact at Meta Platforms
Report by February 2023 assessing the risk of increased sexual exploitation of children as the company develops and offers additional privacy tools such as end-to-end encryption, addressing the adverse impacts on children and on the company's reputation and the effect of limits on detection technologies.
What happened
Result: Proposal Eleven at the annual meeting of 25 May 2022, not approved: 910,386,444 votes for, 4,358,740,887 against, 18,979,089 abstentions and 244,034,088 broker non-votes.
About 17.3 percent of the shares voted for and against, which Proxy Impact puts at 56.7 percent of the independent vote, Meta's dual class shares giving its chief executive over 60 percent of the voting power. The third year of this ask at the company, and the last before the proponents broadened it from encryption to child safety generally.
Who is involved
- Proxy Impact filer
- Congregation of St. Joseph co-filer
- Dana Investment Advisors co-filer
- Providence St. Joseph Health co-filer
- Sisters of the Presentation of the Blessed Virgin Mary co-filer
- Linda Wisnewski co-filer
- Meta Platforms company
What this campaign is about
- Public, public-private, and civil society partnerships Necessary · UN Sustainable Development Goals