Activision Blizzard CEO Bobby Kotick was efficiently re-elected to the board of administrators for another year on account of the firm’s annual shareholder assembly yesterday. This was regardless of efforts by firm staff and shareholders to oust Kotick, which started in November. You can learn the outcomes of the assembly in full right here.
Activision Blizzard have additionally stated they are going to “rigorously take into account” whether or not to go forward with a proposed report into their efforts to deal with alleged office harassment inside the organisation after two-thirds of attending shareholders voted to approve the suggestion. This vote was non-binding, which suggests Activision Blizzard does not have to act on it. The board of administrators had suggested shareholders final month not to approve the proposed report.
“Consistent with our ongoing commitments, we are going to rigorously take into account the proposal to improve our future disclosures. Activision Blizzard stays deeply dedicated to a respectful, welcoming office for all colleagues,” a press release from the firm learn. Jessica Gonsalez, one in all the founders of Activision Blizzard worker advocacy group ABetterABK, tweeted in reference to the proposed report’s non-binding approval: “The staff will maintain them to it.”
Controversy and authorized motion involving accusations of sexual harrassment, office discrimination and poor working circumstances at Activision Blizzard nonetheless persist. New York pension funds are looking for entry to the firm’s data in pursuit of CEO Bobby Kotick following Microsoft’s $68.7 billion buy-out of Activision Blizzard, which started in January and was authorised in April. Only final week, Activision Blizzard’s board of administrators acknowledged that there was “no proof” of any reported harassment inside the firm being tolerated.
Other outcomes of yesterday’s shareholder assembly included round 88% of the shares current approving govt compensation, and round 95% voting towards including an worker consultant to Activision Blizzard’s board of administrators. Really sticking it to the man there, shareholders.