Good afternoon, ladies and gentlemen. I'm Marc Benioff, Chairman of the Board of Directors and CEO of Salesforce. And it's my pleasure on behalf of the Board and the officers of Salesforce to extend you a warm welcome and to express our appreciation to you for attending this meeting. I would like to also welcome our stockholders last our President and Lead of Legal and Corporate Affairs and our General Counsel will act will act as secretary of this meeting. I'm pleased to introduce our directors sitting here in front row, Keith Block, Craig Conway, Allen Haseltfeld, Bill, Nealy Krause, Bernard Tyson, Robin Washington, Mater Webb and Susan Wieke.
There are also several other company officers and employees in the audience. Also present are Guy Wenger and Paula Martin of Ernst and Young, our independent registered public accounting firm. Amy will now report on the existence of a forum to cover the procedural and voting matters. Okay. Okay.
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This proposal simply asked the Board to eliminate super majority voting requirements, seeking instead that decisions by shareholders be made based on the majority of the votes cast for and against proposals. The Board of Salesforce argues the following items should require 2 thirds vote: removal of any and all directors, adoption amendment or repeal bylaws, amendment of certain provisions in the company's certificate of incorporation. I disagree and so do most boards. For example, only 16% of S and P 500 Companies require a super majority to remove directors. The Council of Institutional Investors, whose members have more than $3,000,000,000,000 in assets, has the following policy.
A majority vote of common shares Most funds don't announce their votes in advance, but those that have, have all voted in favor of this proposal. Looking at our largest institutional investors, Fidelity, Vanguard, T Mobile Price, BlackRock and State Street, all have policies favorable to simple majority standards. For example, Fidelity will vote against super majority requirements. Vanguard will support proposals to remove super majority requirements and oppose proposals to impose them. A simple majority vote will strengthen our company's corporate governance.
Contrary to super majority voting, a simple majority standard will give all shareholders equal and fair representation based on the number of shares we own. Vote for proposal number 6 to eliminate super majority voting requirements and enhance shareholder value. Thank you.
Thank you. My name is Justin Danhof. I'm General Counsel with the National Center For Public Policy Research, and I move Proposal 7 on behalf of my colleague, David Reidenour. Under CEO Mark Benioff's leadership, this company has worked to eradicate religious freedom here in the United States. In doing so, the company has executed facts, contravened the constitution, and been hypocritical.
I'll address these in order. When the company threatened to divest from the state of Georgia over that state's consideration of a religious freedom restoration law, it claimed it was doing so because the measure was designed to discriminate against the LGBT community. Simply not true. The federal government and 31 states have heightened religious freedom laws already. These laws say that the government should not interfere with an individual's religious freedom, unless doing so is necessary to reach an important government goal.
They also say that if the government can reach its goal in a way that doesn't abridge religious freedom, it should choose the less obstructive method. That's it. The federal religious freedom law that inspired these state laws was co authored by Senator Ted Kennedy and signed into law by President Clinton. Religious freedom has been a part of American jurisprudence since our nation's founding. It's fair to ask why is Salesforce force objecting to this basic civil right now.
There is 0 evidence for the company's supposed concern over discrimination. These laws only require the government to avoid interfering with religious freedom if it can do so while still achieving important government goals, one of which in every state in the union is, of course, outlawing discrimination. The company also signed a human rights campaign's highly disingenuous amicus brief in the Masterpiece Cake Shop case. The company's position would have allowed states to compel speech of private businesses and citizens, all while further eroding religious freedom. Thankfully, last week, the U.
S. Supreme Court struck down the position of HRC and Salesforce in a landslide 7 to 2 opinion. The company's position was far outside of constitutional bounds. Finally, the company regularly attacks religious freedom here in the United States in places like Indiana and Georgia, but it does business in India, Morocco and China, all countries with extremely questionable track records regarding women's rights, religious rights and LGBT rights. Where are the company's threats to divest from those regions?
Our proposal offers the company a chance to explain these inconsistencies and justify its record on religious freedom. Please vote for proposal 7. Thank you.
Okay. Will the secretary please report the results of the As there is no further business to come before this meeting, the meeting is thereby adjourned.
My name is Hal Kellman, and I'm a happy stockholder. And this is actually my 50th year investing in technologies. So I've done a lot of research and stuff, and you're one of the top ten people and glad to be a stockholder. And I want to thank you for something you did 3 years ago. Tony Robbins, you heard that's one of your afternoon sessions.
I attended his 50 hour Thursday, Friday salience and Sunday. It was great. And my daughter, as we speak, a mild, moderate attorney, is now spending a week in Alaska. So thank you. We both had fun.
And so that's that. Okay. So in 50 years, what I noticed is we have long terms and luckily, we're I think we're in the 4th inning of a long technology trend that will be great for everyone. So the thing that I see as a problem and has changed in the 50 years is now we have Asia and Europe. With Europe, we have this GDPR, which can find a company the greater of 4% of revenue or £20,000,000 And Asia, for the first time after 2025, is going to be a really serious competitor in AI and robotics and other technologies.
What are your thoughts on that?
Very good. Since there's no more additional questions, I would like to thank you for attending the meeting today and look forward to seeing you all next year. Thank you.