skip to main content
skip to newscasts

Wednesday, September 27, 2023

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Progressives call push to change Constitution "risky," Judge rules Donald Trump defrauded banks, insurers while building real estate empire; new report compares ways NY can get cleaner air, help disadvantaged communities.

view newscast page
play newscast audioPlay

House Speaker McCarthy aims to pin a shutdown on White House border policies, President Biden joins a Detroit auto workers picket line and the Supreme Court again tells Alabama to redraw Congressional districts for Black voters.

view newscast page
play newscast audioPlay

An Indigenous project in South Dakota seeks to protect tribal data sovereignty, advocates in North Carolina are pushing back against attacks on public schools, and Arkansas wants the hungriest to have access to more fruits and veggies.

Unions Taking on Meta at Annual Shareholder Meeting

play audio
Play

Monday, June 5, 2023   

Meta, the parent company of Facebook and Instagram, held its annual meeting last week amid new scrutiny from the federal government and multiple shareholder proposals calling for changes.

The annual meeting saw 11 shareholder proposals addressing a number of items related to increasing transparency. One proposal sought to compel the company to produce a report on child safety impacts and actual harm reduction to children. Another proposal called for an independent review of the company's audit and risk oversight committee, which is responsible for evaluating risks to the company from a variety of places including data privacy and community safety, as well as reputational and legal risks originating in harmful user-generated content.

The proposal was put forward by Harrington Investments with the AFL-CIO as one of the co-filers because union members' pension funds are invested in Meta.

Randi Weingarten, president of the American Federation of Teachers, sits on the AFL-CIO executive council and spoke in favor of the proposal, saying shareholders are in the dark about how the committee operates.

"While Meta's audit and risk oversight committee is charged with evaluating risks, shareholders have no idea how the committee operates, what information it considers or whether it just cedes its authority entirely to CEO Mark Zuckerberg," Weingarten contended.

The Meta board recommended shareholders vote against the proposal, saying it currently is undertaking an independent third-party quality assessment of the company's internal audit function including the Audit Risk and Oversight Committee. According to ProxyMonitor.org, none of the 11 shareholder proposals were adopted at the meeting.

Regulatory attention on Meta has increased of late with the FTC seeking to update its 2020 privacy order to now prevent the company from monetizing data collected from users younger than 18.

The U.S. Surgeon General issued a 25-page advisory May 23 about the impact of social media on youth mental health. The advisory cited ample indicators social media "presents a profound risk of harm to the mental health and well-being of children and adolescents."

On the same day, the White House announced a series of actions the federal government will be taking to improve protections for youth mental health, safety and privacy, including an interagency task force to study the matter and make recommendations.

In her statement to shareholders, Weingarten noted teachers are bearing witness to the impact of social media.

"In classrooms and communities across the country, AFT members are witnessing firsthand the impact of students suffering from anxiety, bullying, trauma, body dysmorphia and the eating disorders as a direct result of exposure to images on Instagram, as well as the violence glorified on Meta's platforms," Weingarten asserted.

Disclosure: The American Federation of Teachers contributes to our fund for reporting on Education, Health Issues, Livable Wages/Working Families, and Social Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email

Social Issues

play sound
more stories
Damage seen on Maui after catastrophic, wind-driven fires swept through the area. (Brea Burkholz/Direct Relief)

Social Issues

play sound

A California group formed after the firestorm that leveled the town of Paradise is stepping up to help Maui recover from its own disaster last month…


play sound

The age-old theory that opposites attract has been debunked. According to analysis of more than 130 traits in a study that included millions of …

Social Issues

play sound

A new report questions New York City Mayor Eric Adams' latest budget proposal for dealing with the city's influx of over 110,000 migrants. The cost …


For decades, Arizona courts interpreted the state Constitution to deny the right to vote to Native Americas as "persons under guardianship," according to the Brennan Center for Justice. (Scott Griessel/Adobe Stock)

Social Issues

play sound

A federal judge has blocked a 2022 Arizona law that voting-rights advocates say would have made it harder for some Native Americans to vote. House …

Social Issues

play sound

Thousands of U.S. auto workers remain on strike, and the walkout is being felt in Minnesota. A rally was scheduled this morning in the Twin Cities …

Supporters of a federal Climate Corps see it as an opportunity to help underserved communities and address environmental racism by training more younger people to take on climate-related jobs. (Adobe Stock)

Environment

play sound

If states like Minnesota are going to meet their climate goals, experts say younger workers will need to step into the roles to make it happen - like …

Health and Wellness

play sound

In rural Arkansas, access to healthcare can be a distant dream - literally - as almost 60 counties in the state do not have enough providers to serve …

Health and Wellness

play sound

California's medical aid-in-dying law is back in court. Three patients with disabilities and two doctors are asking to intervene in a lawsuit …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021