Activision Blizzard Shareholders Vote To Require Video Game Firm To Publish Annual Report On Its Efforts To Curb Workplace Abuse

Shareholders of the video game giant Activision Blizzard has voted in favor of planning an annual report on the company’s efforts to prevent workplace abuse and harassment.

producer of call of duty And world of Warcraft A “no” vote was recommended on the proposal, which would require disclosure of the amount paid to settle employee claims. “Instead of using the energy and resources to create another report, we should continue to respond directly to employees’ concerns,” it said in a statement. After two-thirds of shareholders voted for the proposal at a meeting on Tuesday, Activision Blizzard said it would “carefully consider” the matter.

Microsoft Activision has agreed to acquire Blizzard for $68.7 billion, but the transaction is still undergoing regulatory review.

Last week an internal investigation into sexual abuse and harassment claims cleared the company of wrongdoing. Several current and former employees as well as shareholders have questioned the outcome of the investigation, after a judge approved a settlement with the US Equal Employment Opportunity Commission. The EEOC determined that there was evidence sexual harassment As well as retaliation and discrimination against pregnant workers. Last November, the Wall Street Journal reported that Activision Blizzard CEO Bobby Kotick and other senior executives had learned of instances of misconduct, but did not provide all the details to the company’s board of directors.

While the shareholder vote on the annual report was a rebuke to the company’s leadership, another shareholder resolution did not prevail at the meeting. Shareholders sought their seats on the company’s board to more closely monitor initiatives aimed at improving the company’s culture, but that proposal garnered the support of just 5% of the total shareholder base casting votes at the meeting.

Washington Post There was a preliminary report about the shareholder meeting.