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In recent years, shareholders have submitted proposals for inclusion in company proxy materials that address environmental, social and political issues. For example, the Alphabet and

In recent years, shareholders have submitted proposals for inclusion in company proxy materials that address environmental, social and political issues. For example, the Alphabet and Microsoft proxy statements that you reviewed this week included shareholder proposals.

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Do you believe these environmental, social and political proposals are appropriate? Should a company be required to consider these types of issues when they are raised by shareholders or should a company only focus on economic returns to its shareholders?

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