Bay Point, CA. 94565
November 6, 2014
Corporate Secretary
Symantec Corporation
350 Ellis
Street
Mountain View,CA94043
Re: Shareholder Proposal on International
Policy Committee
Dear Secretary:
Enclosed
please find my shareholder proposal for inclusion in our proxy materials for
the 2015 annual meeting of shareholders and a letter of my shares ownership. I will continuously hold these shares until
the 2015 annual meeting of shareholders.
Should you have any questions, please contact me at 1-925-643-xxxx or zhao.cpri@gmail.com.
Yours
truly,
Jing
Zhao
Enclosure: Shareholder proposal
Letter of Jing Zhao’s shares ownership
Shareholder Proposal on International
Policy Committee
Resolved:
shareholders recommend that Symantec Corporation (the Company) establish an
International Policy Committee with outside independent experts to oversee the
Company's policies and practice regarding environment, human rights, social
responsibility, regulations, and other international issues that may affect the
Company's operations, performance, reputation, and shareholders’ value.
Supporting Statement
According to
the Company Annual Report 2014, “Symantec operates one of the largest global
threat-intelligence network, and provides leading security, backup and
availability solutions.” (p.4) “[W]e employed more than 20,800 people
worldwide, approximately 44% of whom reside in the U.S.” (p.10) The Company operates “in more than 50
countries” (p.4) and the international net revenue has been 52% for three years
2012-14 (p.41). However, none of the
three primary committees (Audit, Compensation, and Nomination & Governance)
or other committees (if the Company has) has the capability and function to
deal with the increasing complicated international issues regarding
environment, human rights, social responsibility, and regulations, which are
also related the legitimacy of the Company’s operation worldwide.
Especially in
the dynamic Asia Pacific region, where the Company leased 1,986 square foot out
of total 3,871 square foot worldwide (ibid. p. 26), the Company’s core business
has great opportunities as well as challenges.
The Chinese government has increased regulatory pressures to foreign ICT
companies. The Japanese government has
utilized the 1989 Tiananmen Tragedy to abandon its peace constitution, towards rearmament
and militarization to mislead the U.S. under the U.S.-Japan Security Treaties to crash with the rising power of a
nationalistic China.
Partly to
respond to my proposals (which I withdraw), Microsoft established a similar policy
committee in 2012. It is time for the
Company to establish an international policy committee to deal with today’s
complicated international affairs affecting our business.
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