Okay. Good afternoon, ladies and gentlemen. I am Marc Benioff, Chairman of the Board of Directors and Chief Executive Officer of Salesforce. And it's my pleasure on behalf of the Board and the officers of Salesforce to extend you a warm welcome and express our appreciation to you for attending this meeting. I'd also like to welcome our stockholders who are listening to the webcast of this event.
And I'll act as Chairman of this meeting, Amy Weaver, to my left, our President, Legal and General Counsel will be acting as Secretary of the meeting. And I'm pleased to introduce to you our Director sitting here in the front row, and I'll ask them to stand 1 by 1, Keith Block, Craig Conway, Alan Hassenfeld, Neely Croos, General Boland Powell, Sandy Robertson, John Roos, Larry Tomlinson, Robin Washington, Maynard Webb and Susan Reagan. There are also several other company officers and employees in the audience, and I'd like them to stand this time. Also, President are Guy Wanger, please stand and Holla Martin of Ernst and Young, please stand as well, our independent registered public accounting firm. Amy will now report on the existence of a quorum and cover the procedural and voting matters.
Thank you, Mark. At the outset, let me say that this meeting will be conducted in accordance with the agenda and rules of procedure. Copies of these documents have been distributed to you. But if you do not have a copy, please raise your hand and we will bring you one right We've appointed for Tina Zico as representative of Broadridge to act as Inspector of Election Day. Most stockholders have already voted.
If you have completed ballots or proxies to be counted, please raise your hand now so Ms. Zito can pick them up. If you've already voted, you do not need to take any further action. If you did not turn in the proxy or if you wish to vote in person or revoke an earlier proxy, please raise your hand now and a ballot will be brought to you. Our notice of meeting was mailed and our proxy materials and annual report were made available beginning on April 26, 2017, to stockholders of record as of the record date, April 12, 2017.
The Inspector of Elections has confirmed that a majority of the company's issues and outstanding shares entitled to vote is represented in person or by proxy at today's meeting. And therefore, a forum is present and the business at this meeting can be adopted. Since no stockholder nominations or additional proposals were properly filed with the corporate secretary in advance of this meeting. The business at this meeting is limited to the matters set forth in the company's proxy statement. The first item of business today is the election of directors.
11 directors are to be elected at today's meeting. The votes cast for each nominee's election must exceed the votes cast against such nominees' election in order for the nominee to be elected as a Director. As set forth in the company's proxy statement, the Board of Directors has nominated the following persons: Mark Benioff, Keith Block, Craig Conway, Allen Hassenfeld, Neely Prusz, General Colin Powell, Sandy Robertson, John Roosz, Robin Washington, Maynard Webb and Susan Wojcicki. The Board recommends a vote in favor of each of these nominees. Approval of the remaining proposals requires the affirmative vote of a majority of the votes cast for a misplay or naked play on the matter.
With respect to the 2nd through 5th items of business being proposed to our stockholders today, the Board also recommended a vote in favor of each proposal. Proposal 2 is the amendment of the company's 2013 Equity Incentive Plan to increase the number of shares authorized for grants by 37,000,000 shares. Proposal 3 is the amendment of the company's 2004 employee stock purchase plan to increase the number of shares authorized for employee purchase by 8,000,000 shares. Proposal 4 is the ratification of the appointment of Ernst and Young LLP as the company's independent registered public accounting firm for the fiscal year ending January 31, 2018. Proposal 5 is an advisory vote to approve the compensation of the named executive officers for fiscal 2017.
Proposal 6 is an advisory vote on the frequency of future advisory votes to approve the company's named executive officer compensation. With respect to proposal 6, the Board recommended a vote in favor of 1 year. With respect to Proposal 7, the Board recommended a vote against the proposal. Proposal 7 is a stockholder submitted proposal requesting on an advisory basis action to allow stockholders holding 15% of the company's stock to call a special meeting of stockholders. Here today to present Proposal 7 on behalf of the stockholder proponent is Jing Zhao.
Could we please provide Mr. Zhao with a microphone to present the proposal?
To the attention of both management and shareholders outside the annual meeting. This is important because
Thank you, Mr. Zhao. Are there any questions with respect to this proposal? Because no further business is scheduled to come before the stockholders, I declare the polls for each matter to be voted on if this meeting opens and directed at the stockholders to be taken on the matters previously discussed. If you have previously voted, you do not need to take any further action.
If you did not turn in a ballot or a proxy or wish to vote in person or revote an earlier ballot or proxy, please vote at this time using the ballots previously distributed to you. Once you have voted, please raise your hand and your ballot will be collected. If there are no additional ballots or proxies, then I hereby declare the pools for each matters voted upon at this meeting close.
Okay. Thank you, Amy. Will the secretary please report the results of the voting?
Certainly. Based on the preliminary voting results, the Inspector of Elections has confirmed that all 11 nominees for Director have received more votes passed for his or her election than against. Accordingly, each nominee has been elected as the Director of the company to serve until the next annual meeting and until her or his successor has been duly elected and qualified. The Inspector of Elections has also confirmed that the required number of shares has voted in favor of the amendment of the 2013 Equity Incentive Plan, the amendment of the 2004 employee stock purchase plan, the ratification of the appointment of Ernst and Young LLP to act as the company's independent registered public accounting firm for fiscal 20 18 the compensation of the named executive officers during fiscal 2017 1 year for the frequency of future advisory votes on named executive compensation. The Inspector's election has also confirmed that a majority of the shares voted present have voted on an advisory basis for allowing stockholders to call a special meeting of stockholders.
The views of our stockholders are of utmost importance for the company, and our Board of Directors will be taking this result under advisement. The Inspector of Elections will furnish a written report of the final vote count with respect to the matters voted on today, which will be included in the minutes of the meeting and the exact voting results will also be filed with the SEC.
Okay. As there is no further business to come before this meeting, this meeting is hereby adjourned. We're also happy to take any questions you may have. Please raise your hand if you have a question. Since there's no hands raised, I will now conclude the meeting and thank everybody for coming.
Thank you very much.
Thank you all.