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Activision Blizzard Is Telling Its Shareholders To Vote Against Proposed Harassment Report

The Activision Blizzard harassment and discrimination saga continues.

A report on Axios stated that the company is hosting an annual meeting of shareholders on 21 June and has sent a notice to all shareholders advising them of the five proposals that will be voted on at the meeting. The noteworthy bit includes them recommending shareholders to vote against two proposals: the “nomination of an employee representative director” and the “preparation of a report about the company’s efforts to prevent abuse harassment and discrimination”. The latter proposal was submitted by the New York State Common Retirement Fund, which has over 1.5 million shares in the company.

The report they’re attempting to reject requires the following details:

  • total number and aggregate dollar amount of disputes settled by Activision Blizzard related to sexual abuse, harassment or discrimination.
  • reducing the average length of time it takes to resolve complaints (either internally or through litigation).
  • total number of pending sexual abuse, harassment or discrimination complaints the company has to resolve (either internally or through litigation).
  • consolidated data on pay and hours worked.

The reason for the rejection? The company believes that it would be a waste of resources.

“First, the Board believes that, rather than diverting energy and resources toward creating yet another report, we should continue to directly respond to employee concern. Focusing all our attention on these concerns is the best way quickly and effectively to create genuine change in our workplace.

Second, the proposed report itself, even if completed after significant time and expense, would create a set of metrics that are simply not the best measures of how the Company is responding to employee concerns. The Board is committed to measuring the speed and effectiveness of our changes accurately, not based on metrics that are not precisely tailored to our Company’s situation.

As such, the Company is of the view that continuing to focus its efforts on responding directly to employee concerns and continuing to implement workplace improvements is the best path forward.

While our Board believes that the views of the Company’s shareholders are of the utmost importance and will carefully consider the outcome of the vote expressed by our shareholders when making future disclosure decisions, the vote will not be binding upon them.”

For the record, this is the company Microsoft has bought for US$68.9 billion.

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  1. The City Of New York Sues Activision Blizzard; Here’s Why | KAKUCHOPUREI.COM

    May 5, 2022 at 11:03 am

    […] More specifically, the lawsuit is courtesy of the New York City Employees’ Retirement System and pension funds representing the city’s fire department, police, and teachers. A report on Axios claims that CEO Bobby Kotick was “unfit to negotiate a sale of the company” to Microsoft, stating that the deal was made to “escape liability” for his role in enabling workplace misconduct and abuse. […]

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