Apple shareholders approve CEO Cook's annual compensation, civil rights proposal

Apple Inc (AAPL.O) shareholders approved Chief Executive Officer Tim Cook's annual compensation in a virtual meeting on Friday, and voted in favor of a proposal urging Apple to oversee a third-party civil rights audit of the company's policies and practices.

By approving Cook's pay package with 64.4% of votes cast in favor, investors rejected some concerns, including from proxy advisory firm Institutional Shareholder Services (ISS), over the magnitude and structure of his equity award. ISS had urged shareholders to vote against the pay package. READ MORE