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Joe Mango
2021-12-22

Succinct and concise

U.S. SEC allows Apple shareholder's push for details on non-disclosure

SAN FRANCISCO, Dec 21 (Reuters) - The U.S. Securities and Exchange Commission has denied Apple Inc's

U.S. SEC allows Apple shareholder's push for details on non-disclosure

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Apple has said its policy is not to use concealment clauses, but former employees dispute that.\nIn September, investor Nia Impact Capital filed a shareholder proposal calling for Apple's board to prepare a \"public report assessing the potential risks to the company associated with its use of concealment clauses in the context of harassment, discrimination and other unlawful acts.\"\nApple in October filed a response with the SEC saying it wanted to exclude the proposal because \"the company’s policy is to not use such clauses.\"\nIn a letter dated Monday, the SEC denied Apple's request, saying that the company had not \"substantially implemented the proposal.\"\nAn Apple spokesperson declined to comment on the SEC letter. 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