About one-quarter of all Verizon Communications Inc. (NYSE:VZ) shareholder votes were cast in favor of a proposal that asks the company to report on business risks from Verizon’s controversial FCC lawsuit and other actions to oppose open Internet and network neutrality principles.
Welcome to Open MIC
|The Open Media and Information Companies Initiative – Open MIC – is a non-profit organization working to promote a vibrant, diverse media ecosystem through market-based solutions.
The guiding insight of Open MIC is that the media values we promote as citizens are the same as those we seek as investors: diversity and competition, creativity and innovation, openness and transparency.
We believe that a dynamic, open and critical media sector is good for both the business of media and the health of democratic society.
Open MIC fosters dialogue among media companies, investors, consumers and creators with the goal of developing successful and responsible media practices for the digital age.
It’s no secret that the world of media is being transformed as digital technologies change how people and nations communicate and entertain, do business and govern. But as old and new media undergo this transformation, there is deep concern as to how the promise of the digital age will be fulfilled. Consolidation within the media industry over the last century has created a monoculture that is dangerously uncritical and uninformative. Many of the same trends can be seen emerging in the realm of digital media as well. And that, simply put, is bad for both business and democracy.
Open MIC aims to generate provocative discussion and debate about the future of media, highlighting the importance of private-sector and capital-market mechanisms in shaping a more positive future. Essential to that process is community-powered, networked dialogue which draws on the experience, insight and opinions of consumers and creators of media.
Current Open MIC initiatives include:
Founded in late 2006, Open MIC is a project of the Tides Center, a 501(c)(3) non-profit organization.
The Open MIC Blog
Verizon Shareholder Proposal on Open Internet Issues Receives Support from Leading Proxy Advisor ISS
A shareholder proposal asking Verizon Communications Inc. (NYSE: VZ) to issue a report about the risks confronting the company because of its positions on net neutrality and open Internet issues has received support from ISS Proxy Advisory Services, the leading advisor to institutional investors.
The shareholder proposal can be voted on by Verizon shareholders either by proxy over the next two weeks, or in person at the company's annual meeting on May 2.
In response to a shareholder proposal, Apple Inc. has amended its Board’s Audit and Finance Committee charter to include responsibility for privacy and data security risks that confront the company.
The change was praised by advocates as an important step in improving accountability for privacy and data security at the highest levels of corporate governance. “Apple is to be congratulated for recognizing the critical risks that privacy and data security can pose to a company’s financial performance,” said Michael Connor, Executive Director of Open MIC a non-profit organization that assisted investors in drafting the proposal at Apple.