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Apple Includes Antitrust Risk on the Company's Proxy Statement "Apple's Antitrust Compliance Officer is responsible for the development, review, and execution of Apple's Antitrust Compliance Program and regularly reports to the Audit Committee," the statement reads. Photo : Getty Images After months of scrutiny, Apple finally includes a section for antitrust risk on its proxy statement. As CNN Business noted, Apple enlists antitrust issues as one of the focus areas for its board of director's audit committee.  "Apple's Antitrust Compliance Officer is responsible for the development, revi...

Apple's annual shareholders meeting will be held virtually this year as the company continues to follow strict precautionary guidelines to avoid spread of the coronavirus pandemic. On Feb. 23, shareholders will cast votes on measures ranging from the election of the company's board of executives to two shareholder proposals, according to a proxy statement filed with the U.S. Securities and Exchange Commission on Tuesday. Shareholders of record, or those who owned Apple stock at the close of business on Dec. 28, 2020, are invited to participate by registering via a virtual...

Apple Adds Antitrust Risk Section to Annual Proxy Statement 6 Jan 2021 Tech giant Apple has added a new passage on antitrust issues to its annual proxy statement to investors as Silicon Valley giants face further scrutiny over anti-competitive practices. CNBC reports that tech giant Apple has added a section on antitrust to its annual proxy statement. In an annual filing, Apple’s board of directors repeatedly discuss the issue of antitrust and highlight how regulatory pressure and antitrust issues have become a significant risk for the company as government bodies scrutinize big tech. The b...

Antitrust scrutiny of Apple and other big tech giants ratcheted up over the past year. And for the first time, Apple has noted in its annual proxy statement that antitrust issues are an area of focus for its board of director's audit committee.

Apple has expanded antitrust language in its proxy report. Last year, the company only mentioned antitrust once in the report. As reported by CNBC, Apple has added a new section about antitrust risk to its annual proxy statement. The company released the filing with the SEC on Tuesday, a requirement before it holds its Annual Shareholders Meeting which will occur on February 23. The new language talks about Apple's Audit Committee and Board of Directors regularly meeting to talk about antitrust risks to the company. In addition, it also highlights the role that the company's Antitrust Complia...