Summary by Moomoo AI
Alphabet Inc. shareholder John Chevedden, who has held shares since 2016, has made a voluntary submission urging fellow shareholders to vote for Proposal 3, which advocates for a shareholder say on director pay. Chevedden highlights the conflict of interest in the current system where the Board approves its own compensation without shareholder oversight. He counters the Board's opposition, arguing that the proposal is neither burdensome nor inconsistent with market practices and that it would not affect the company's ability to provide competitive pay. Chevedden believes that the proposal, if adopted, would enhance corporate governance by adding an element of shareholder oversight. The submission, made under Rule 14a-6(g)(1) of the Securities Exchange Act of 1934, is intended for public disclosure and is not a solicitation for proxy voting authority.