Summary by Futu AI
Kapitalforeningen MP Invest, represented by AkademikerPension, has submitted a shareholder proposal urging Meta Platforms, Inc. shareholders to vote in favor of a resolution aimed at improving the company's management of human rights risks. The proposal emphasizes the need for greater transparency regarding Meta's efforts to mitigate risks associated with hate speech, disinformation, and violence incitement on its Instagram and Facebook platforms. These issues are said to potentially impact Meta's brand value and advertising revenue. The requested report would focus on Meta's measures in its five largest non-US markets and should be issued by June 1, 2025, excluding sensitive information. Despite Meta's opposition to the proposal, AkademikerPension advocates for shareholder support, citing the importance of addressing content moderation failures, particularly in non-English speaking markets. The proposal also highlights the urgency of addressing these issues ahead of the 2024 super election year. Meta has been commended for its EU transparency reports under the Digital Services Act but is encouraged to extend these measures to other key markets.