Apple amends corporate bylaws following criticism over lack of female leaders

By , Jan 6, 2014

apple executives

Bloomberg is reporting today that Apple has come under criticism from some of its major shareholders over the absence of women on its board and throughout its executive team. Specifically, Trillium Asset Management LLC and the Sustainability Group have engaged the company on the issue.

The shareholders have met with Apple a number of times over the past few months to address the its lack of diversity in top-level ranks. They intended to bring the issue to a vote at the February shareholder meeting, but Apple agreed to address the issue via new language in its corporate charter…

Bloomberg’s Adam Satariano has the scoop:

“The shareholders met with Apple representatives several times in the past few months and said they would bring the issue to a vote at a Feb. 28 shareholder meeting. They said they backed off after Apple tweaked its corporate charter, in which the company said it promised to consider women and minorities as board candidates, without making any specific commitments.

“There is a general problem with diversity at the highest echelon of Apple,” said Jonas Kron, director of shareholder advocacy at Boston-based Trillium, which manages $1.3 billion. “It’s all white men.”

The new language shows how scrutiny of Apple’s diversity practices has now ramped up after other Silicon Valley companies faced questions over their male-dominated leadership ranks. Social-networking companies Facebook Inc. and Twitter Inc. were criticized leading up to their initial public offerings for not having any female directors.”

There is currently only one woman serving on Apple’s board, former Avon CEO Andrea Jung. There’s also only one female on the company’s executive team, former Burberry CEO Angela Ahrendts, who is set to take over the position of Senior Vice President of Retail and Online Stores this spring.

Apple’s Annual Meeting of Shareholders will take place at the company’s Cupertino headquarters on February 28 this year.

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  • Guest

    Who cares? Honestly, if a person is overlooked for a position because of his/her gender or race then there is a legitimate argument, otherwise the person who is best qualified for the job should get the job…they shouldn’t have to hire more staff or replace the staff they have to make it look diverse.

    • Nate McKelvie

      That’s how I feel too. I believe in diversity, but I only believe the most qualified candidate should ALWAYS be hired. But a less qualified candidate should not be hired just to make the board more politically correct. That’s just ridiculous, but if they ONLY have white male board members they probably don’t even look at other candidates, but that’s just my guess

  • Manu Bulteau

    Also, there is no Asian, Latino nor African-American on the board. I can’t see a red-haired either.
    Wow! Does Apple have any equal opportunity policy?

    • leart

      Now apple is not a museum of races and emigrants, is just private business and they should hire what they think it’s more good in their interest…

  • Matt

    This is off topic but is this a new iDB icon?
    EDIT: never mind it changed back -.-

    • Manu Bulteau

      It’s been around for weeks i think.
      And yes, it is off topic. ;)

      • Matt

        See I would have deleted the comment. I just don’t know how

      • chumawumba

        *months

  • Manu Bulteau

    At the Sharp Cuts in Cupertino, there are no guys working AT ALL. And nobody cares?

  • DrQuack32

    Storm, teacup…. make a sentence.

  • jack

    So they should ignore everyone working hard for a promotion and promote a stupid woman just to fullfil this quota

  • n0ahcruz3

    What the hell do they want replace them (eg. Jony, craig etc)? Why fix when it isn’t broken?

  • Stefano

    If anyone who knows business, knows that with a woman as a CEO, or any executive title, the company gets a very nice tax benefit. Apple obviously knows this, and doesn’t care. Therefore they choose to have the best in the business and not just throw a certain somebody up there for press gains or financial gains.

  • FrankensteinBlack

    There are at least 6 female marketing VPs that are better and have MORE experience than Schiller but they never even got looked at especially if the criteria is “best person for the job”. See the problem?

    • Guest

      No I don’t see the problem just because you claim the magical number of 6 with no names to back your claim. I can say there are 30 male VP’s that are better than your 6 females and were back to the drawing board. See the problem?

      • FrankensteinBlack

        Come on man, knock it off! Why attack me? Here, here’s 7;

        Julie Bornstein
        Lisa Arthur
        Susan Credle
        Lisa Utzschneider
        Anne Finucane
        Carolyn Everson
        Jesse Haines

        At least 6 of them blow Schiller away!

  • Someshwar

    its about gathering different perspectives, women look/analyse things very differently from men. Diversity helps but its not mandatory.