Activision Blizzard shareholders approve proposal for abuse report

Robert “Bobby” Kotick, CEO of Activision Blizzard Inc., spoke in an interview in New York, USA, on Wednesday, November. 10, 2010. Activision Blizzard Inc., controlled by Paris-based Vivendi SA, released “Call of Duty: Black Ops” worldwide yesterday and plans a new version of its game “World of Warcraft” in December.

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Activision Blizzard On Tuesday, shareholders backed management’s recommendation and approved a proposal for a public report on the effectiveness of the video game publisher’s efforts to reduce employee abuse, discrimination and harassment.

This is the latest round of pressure against Activision Blizzard for allegedly harassing employees. In March, officials said they had been harassed as a judge approved an agreement with the US Commission on Equal Employment Opportunities after the agency found evidence of sexual harassment, pregnancy discrimination and related revenge within the company.

Microsoft is currently in the process of acquisition Activision Blizzard for $ 68.7 billion.

The shareholder’s proposal required a report detailing the number of cases and the amount of money the company has spent on settling allegations of sexual violence, discrimination or harassment of protected classes over the past three years. The proposal also says that the report should include information on pending cases, as well as data on compensation and the number of hours employees have worked. IN Washington Post announced the results of the vote earlier.

“A report like demands would help shareholders assess whether the company is improving its workforce management, whether its actions are in line with the company’s public statements and whether it remains a sustainable investment,” the New York State Pension Fund said in a statement. proposal. “Violations of civil rights in the workplace, including but not limited to sexual violence, harassment and discrimination, can lead to significant costs for companies, including fines, sanctions, court costs, absenteeism costs and reduced productivity.

The Activision Blizzard board opposed the proposal, saying another report would consume resources. The board says this will offer indicators that are not the best way to track how the company is dealing with employee concerns.

After consulting firm Glass Lewis voiced support for the initiative, citing news reports of widespread discrimination, harassment and revenge against women, the company repulsed, stating that such articles should not form the basis of a shareholder proposal. Institutional shareholder services also recommended the proposal, noting that the company does not appear to be in line with best practices in announcing its goals of diversity, fairness and inclusion.

Last week, the independent directors of Activision Blizzard said the board and advisers found that “there is no evidence to suggest that Activision Blizzard executives have ever deliberately ignored or attempted to downplay sexual harassment that has occurred and been reported.” The Wall Street Journal had reported in November that the company’s CEO Bobby Kotik had received information about harassment but had not shared all relevant information with the board.

Top-level money managers have become more supportive of the environmental and social initiatives they have been presented with, allowing the adoption of proposals that may have been voted on before.

I WATCH: Activision says executives have not ignored harassment incidents

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