| Industry |
Internet Software & Services |
| Sector |
Information Technology |
| Filed By |
National Center For Public Policy Research
|
| Votes |
2.15%
|
| Status |
Vote |
| View Memo |
|
Organization: Twitter Inc.
Year: 2019
Whereas: 0
Resolved: Resolved: that the shareholders of the [sic] Twitter, Inc. (the "Company") request the Board adopt a policy to disclose to shareholders the following: 1. A description of the specific minimum qualifications that the Board's nominating committee believes must be met by a nominee to be on the board of directors; and 2. Each nominee's skills, ideological perspectives, and experience presented in a chart or matrix form. The disclosure shall be presented to the shareholders through the annual proxy statement and the Company's website within six (6) months of the date of the annual meeting and updated on an annual basis.
Supporting Statement:Supporting Statement: We believe that boards that incorporate diverse perspectives can think more critically and oversee corporate managers more effectively. By providing a meaningful disclosure about potential Board members, shareholders will be better able to judge how well-suited individual board nominees are for the Company and whether their listed skills, experience and attributes are appropriate in light of the Company's overall business strategy. The Company's compliance with Item 407(c)(2)(v) of SEC Regulation S-K requires it to identify the minimum skills, experience, and attributes that all board candidates are expected to possess. Ideological diversity contemplates differences in political/policy beliefs. True diversity comes from diversity of thought. There is ample evidence that the Company���̢��_��'and Silicon Valley generally���̢��_��'operate in ideological hegemony that eschews conservative people, thoughts, and values. This ideological echo chamber can result in groupthink that is the antithesis of diversity. This can be a major risk factor for shareholders. We believe a diverse board is a good indicator of sound corporate governance and a well-functioning board. Diversity in board composition is best achieved through highly qualified candidates with a wide range of skills, experience, beliefs, and board independence from management. We are requesting comprehensive disclosures about board composition and what qualifications the Company seeks for its Board, therefore we urge shareholders to vote FOR this proposal.