DEADLINE HOLLYWOOD: Comcast Fights Shareholder Proposal On New Probe Of Sexual Harassment Policies

By Jill Goldsmith, February 12, 2020

Fired Today host Matt Lauer continues to haunt NBC’s parent.

shareholder resolution is asking Comcast to conduct an independent investigation of sexual harassment complaints and policies. The media giant has asked the SEC to block the proposal.

The resolution was submitted by Arjuna Capital on Jan.31. In the regular course of business, it would appear in what’s called a proxy statement, a meaty document public companies publish each year before the annual meeting that lists proposals generated by individual shareholders to be put to vote by all the other shareholders.

But Comcast has asked the Securities and Exchange Commission to block this proposal at the gate. It argues in a letter to the SEC that the proposal relates to “ordinary business operations,” which is grounds for exclusion from the proxy. It says Comcast has already taken numerous steps, which it lists, to combat harassment and discrimination. It also indicates that it believes the resolution, which covers Comcast’s general legal compliance program and policies, is overly broad.

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