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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. The company has previously said it does not discuss specific employee matters and is \"deeply committed to creating and maintaining a positive and inclusive workplace.\"\nAfter viewing Apple's response to the SEC on the shareholder proposal, former Apple employee Cher Scarlett said she filed an SEC whistleblower complaint in October alleging that the company had made false and misleading statements to the regulator. 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