A report claims that Apple used NDAs in opposition to staff, after which lied about it to each traders and the Securities & Trade Fee (SEC).
Apple claims that it doesn’t use non-disclosure agreements (NDAs), also called “concealment clauses,” when staff report issues about illegal acts by the corporate. Nonetheless, there are a number of stories that it does, in truth, achieve this …
Apple staff have been working collectively to establish alleged discrimination and harassment in Apple’s employment practices beneath the “Apple Too” banner. An employee-run survey revealed pay discrepancies between male and female workers, and Apple responded by banning such surveys.
The group mentioned final summer season that it identified around 500 reports of ‘racism, sexism, discrimination, retaliation, bullying, sexual and different types of harassment, and sexual assault.”
The US Labor Board subsequently investigated complaints by Apple staff.
Firms utilizing NDAs to hide illegal habits from traders, regulators, prospects, and the broader public is taken into account unethical, and should in some circumstances be unlawful.
Apple used NDAs “and lied about it”
Some eight state treasurers have written to the SEC calling on using NDAs in such circumstances to be prohibited – and asking for an investigation into obvious falsehoods in Apple’s statements concerning the situation.
We encourage the SEC to assist efforts to finish using concealment clauses in employment and post-employment agreements as they pertain to problems with discrimination, harassment, and different illegal acts.
Shareholder accountability is dependent upon sturdy transparency, and that transparency should lengthen to office tradition […]
We additional request that the Securities and Trade Fee examine Apple’s statements to the SEC about their use of employment and post-employment agreements of their letter to the SEC dated October 18, 2021. A number of information stories have acknowledged that whistleblower paperwork exhibit Apple makes use of the very concealment clauses it repeatedly claimed it doesn’t use in its bid to have the SEC grant No Motion reduction.
We have an interest to be taught whether or not or not Apple misled the Fee and traders about this matter, and we’re hopeful that the SEC will act to protect the integrity of the shareholder proposal course of.
The Washington Post discovered of the letter, and cites one whistleblower who immediately accuses Apple of mendacity to the regulator.
Ifeoma Ozoma, who helped set up the letter, instructed me Sunday that there “on the very least must be an investigation and, in my private opinion, must be fines levied in opposition to the corporate for utilizing a proper course of to misinform a federal company” […]
Ozoma, who has advocated for larger employee protections in opposition to NDAs, mentioned Apple has “straight out lied” to federal regulators and traders.
California has already banned using NDAs in issues referring to employment discrimination, and 7 different states are calling on the SEC to increase these protections to staff throughout the US.
We’ve reached out to Apple for remark, and can replace with any response.
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