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Sign up free →A group of 42 organizations and 14 individuals managing a combined $1.15 trillion in assets, collectively owning about $2.2 billion of Alphabet shares, sent a letter requesting a meeting with management after Alphabet rejected a shareholder resolution seeking a report on how it oversees risks related to government use of its technology and cloud services.
The shareholders cited concerns about Google's provision of services to U.S. immigration authorities, its role in Project Nimbus—a $1.2 billion cloud computing contract with Israel—and its operations in Saudi Arabia, stating they want to understand how Alphabet assesses and mitigates the risk of misuse and ensures government contracts give it authority to intervene or cancel agreements if risks escalate.
Alphabet opposed the resolution, stating it maintains a 'robust, multi-layered framework for data privacy and security' and that existing disclosures already provide meaningful transparency around government access to data, adding that a second report would be 'duplicative and an ineffective use of our resources.'
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