WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Technology Monday, January 17, 2022 
Add Press Release News | News Feeds Feeds | Email This News Email


Microsoft holds annual shareholders meeting
Wednesday, December 8, 2021

REDMOND, Wash., Nov. 30, 2021 /PRNewswire/ -- Speaking to shareholders at Microsoft Corp.'s annual meeting on Wednesday, Chairman and Chief Executive Officer Satya Nadella highlighted how the company's growth mindset has propelled innovation and transformation within the past year.

"There is no doubt that the digital transformation of the past year has opened the door to greater opportunity for our customers and for Microsoft. But it has also increased our responsibility in a world where technology must do more to address the pressing challenges we collectively face," said Satya Nadella, Chairman and CEO, Microsoft.

Executive Vice President and Chief Financial Officer Amy Hood recapped Microsoft's strong performance in fiscal year 2021 and outlook for the current fiscal year, powered by accelerating digital transformation and consistent strong execution. Hood noted that the company's strong momentum focused on growing usage across Microsoft's differentiated cloud offerings and delivering new consumer experiences.

At the meeting, Microsoft's shareholders acted on the following proposals:

    --  Elected 12 directors to serve until the next annual meeting of
        shareholders, including the new addition of Carlos Rodriguez. All
        directors attended the annual shareholders meeting.
    --  Approved, on a nonbinding advisory basis, the compensation of the
        company's named executive officers.
    --  Approved the Employee Stock Purchase Plan, to replace the Microsoft
        Employee Stock Purchase Plan approved by shareholders in November 2012.
    --  Ratified the selection of Deloitte & Touche LLP as the company's
        independent auditor for fiscal year 2022.
    --  Rejected a shareholder proposal submitted by Arjuna Capital to prepare a
        report on median race and gender gaps, given that Microsoft details its
        commitments and progress achieving greater diversity and inclusion and
        ensuring pay equity in its annual Global Diversity and Inclusion Report.
    --  Approved a shareholder proposal by Arjuna Capital to prepare a report on
        the company's workplace sexual harassment policies. Microsoft already
        shares with employees annual data on the volume of sexual harassment
        concerns raised and the results of harassment investigations and has
        adopted plans to begin annual public reporting.
    --  Rejected a proposal from Harrington Investments concerning the sales of
        facial recognition technology, as it does not take into account
        Microsoft's extensive public commitments and disclosures on this topic.
    --  Rejected a proposal from NorthStar Asset Management to prepare a report
        on Microsoft's commitment to the Fair Chance Business Pledge, as the
        company has numerous steps in place to effectively implement The Pledge
        and has already implemented multiple safeguards to protect job
        candidates.
    --  Rejected a proposal submitted by The Congregation of the Sisters of St.
        Joseph of Peace and others to prepare a report on the company's lobbying
        activities, as Microsoft is committed to a thoughtful approach that's
        been recognized for leading practices, including publishing an annual
        report on its political action committee.

The results will be reported in a Form 8-K that will be filed with the Securities and Exchange Commission.

Microsoft's board of directors consists of Reid Hoffman, general partner at Greylock Partners; Hugh Johnston, vice chairman and CFO of PepsiCo; Teri List, former executive vice president and CFO of Gap Inc.; Satya Nadella, Microsoft chairman and CEO; Sandra E. Peterson, operating partner at Clayton, Dubilier & Rice; Penny Pritzker, founder and chairman of PSP Partners; Carlos Rodriguez, president and CEO of ADP; Charles W. Scharf, president and CEO of Wells Fargo & Company; John W. Stanton, chairman of Trilogy Partnerships; John W. Thompson, Microsoft lead independent director; Emma Walmsley, CEO of GlaxoSmithKline; and Padmasree Warrior, founder, president and CEO, Fable Group Inc.

Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/microsoft-holds-annual-shareholders-meeting-301434434.html

SOURCE Microsoft Corp.



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Cybersecurity: The 5 Things Leaders Need to Know | Jan 17, 2022
Nav CGTN America launches 'Together For A Shared Future' media action | Jan 17, 2022
Nav Xinhua Silk Road: E. China's Wuhu mulls over sci-tech innovation and digital development | Jan 17, 2022
Nav Content Marketing Market to grow by USD 417.85 billion from 2020 to 2025 | Evolving Opportunities with Adobe Inc. & Contently, Inc.| 17000+ Technavio Reports | Jan 17, 2022
Nav Pul Q. Scye's new book "Osborne of the Diplomatic Core" is a beguiling space adventure that will surely delight any sci-fi lover out there | Jan 17, 2022
Nav MicroPort CRM Receives Approval in Japan for Alizea Bluetooth Pacemaker | Jan 17, 2022
Nav Robotics Pioneer Exotec Raises $335M Series D to Improve Supply Chain Resilience for Global Retailers | Jan 17, 2022
Nav Home Wi-Fi Router Market Size to grow by USD 1.76 billion | Market Insights highlights the increase in demand for distance learning as a key driver | Technavio | Jan 14, 2022
Nav Dignity Corp. DIGau Token Sets Date To List On CryptoSX Digital Asset Exchange | Jan 14, 2022
Nav The 2021-2022 Global Top Brands lists announced - a tribute to China's innovation power | Jan 14, 2022
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News