A shareholder proposal has been submitted by the National Center for Public Policy Research asking Apple if Al Gore, a board member, “violated the company’s Business Conduct Policy.”
There are concerns about whether Gore was behind Apple ending its membership with the U.S. Chamber of Commerce because of the trade group’s opposition to government regulation for greenhouse gases. Gore is an advocate for climate change legislation and regulating greenhouse gases would boost his investments in renewable energy.
Tom Borelli, Ph.D., director of the National Center’s Free Enterprise Project, says:
Board members are obligated to look out for shareholder interests and not for their own personal financial goals. Shareholders have a right to know if Gore was involved in Apple’s decision to end its membership with the U.S. Chamber of Commerce.
The National Center is urging shareholders to vote for the conflict of interest proposal to determine if Gore violated the company’s Business Conduct Policy.
The results of the vote will be announced at the end of Apple’s shareholder meeting scheduled on February 23, 2012.
For more details, please read the press release from the National Center for Public Policy Research.
The Daily Caller also reported on this issue.