A year after Alphabet’s board voted against a measure to review its whistleblower protections, one of its shareholders is pushing the measure again in the hope that institutional investors will bolster support for the effort in light of high profile firings at its subsidiary, Google and complaints of illegally spying on employees.
Brought by Trillium Asset Management, which holds shares in Alphabet valued about $150 million, the resolution calls for an independent third party to review Alphabet’s existing whistleblower policy and bolster protections for employees.
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Trillium worked with Open Mic, a non-profit that helps shareholders craft resolutions to force change at boards, to frame the whistleblower measure. Last year, Trillium’s resolution received about 5% of the vote, but the firm is confident that support will double or triple this year.