Posted 1/5/2024, 4:21:00 PM
Disney, Apple Shareholders to Vote on AI Use Proposals After SEC Rejection
- Shareholders of Disney and Apple will vote on proposals regarding the companies' use of AI after SEC rejected efforts to exclude the votes
- Proposals were filed by a pension trust of the AFL-CIO labor union federation, which includes the WGA
- Companies had argued proposals concerned "ordinary business operations" rather than matters requiring a vote
- SEC disagreed, saying proposals "transcend ordinary business matters"
- Votes will take place at upcoming annual shareholder meetings, dates not yet disclosed but generally held in March/April