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Apple Inc. (NASDAQ:AAPL) - Apple Says Compliance With Company 'Values' Will Impact Executive Cash Bonuses Starting 2021


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Apple Inc (NASDAQ: AAPL) informed the U.S. Securities and Exchange Commission in a proxy filing on Tuesday that, starting 2021, it will modify cash incentive for executives to incorporate “Apple values” and community initiatives.
What Happened: Apple said that the values span environmental, social, and governance fields and the change has been made to “further motivate Apple’s executive team to meet exceptionally high standards of values-driven leadership in addition to delivering strong financial results.”
No changes are planned on the level of rewards or the threshold of performance requirements and goals, as per the Tim Cook-led company.
Apple said that its compensation committee will use the modifier to establish an increase or decrease in bonus payments by up to 10% based on the performance of executives with respect to Apple’s values and key community initiatives during the year. ....

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