Bay Point, CA. 94565 August 25, 2016 Verizon Communications Inc. 1095 Avenue of the Americas New York, NY 10036 ATTN: Assistant Corporation Secretary Re: Shareholder Proposal on Human Rights Committee Dear Board of Directors: Enclosed please find my shareholder proposal for inclusion in our proxy materials for the 2017 annual meeting of shareholders and a letter confirming my Verizon Communications shares. I will continuously hold these shares until the 2017 annual meeting. I would like to suggest you have an email account to receive shareholder proposals, as many companies and the SEC do. Should you have any questions, please contact me at zhao.cpri@gmail.com or 925-643-****. Yours truly, Jing Zhao Enclosure: Shareholder proposal Letter of shares Shareholder Proposal on Human Rights Committee Resolved: Shareholders recommend that Verizon Communications Inc. (Verizon) establish a Human Rights Committee to review, assess, disclose, and make recommendations to enhance Verizon’s corporate policy and practice on human rights. The board of directors is recommended, in its discretion and consistent with applicable laws to: (1) adopt Verizon Human Rights Principles, (2) designate the members of the committee, including outside relevant human rights experts as advisors, (3) provide the committee with sufficient funds for operating expenses, (4) adopt a charter to specify the powers of the committee, (5) empower the committee to solicit public input and to issue periodic reports to shareholders and the public on the committee’s activities, findings and recommendations, and (6) adopt any other measures. Supporting Statement Verizon has to seriously deal with international human rights issues since Yahoo has become part of Verizon. Yahoo failed because of its disastrous unethical human rights practice. US-Japan-China Comparative Policy Research Institute’s Corporate Social Responsibility Review http://cpri.tripod.com/cpr2016/csrr5.pdf rated Yahoo the lowest “F” with detailed documents since 2007, including some recently published coverage regarding the Yahoo Human Rights Fund (YHRF) and Yahoo’s agent Harry Wu: 1) The Statement by Seven Former Chinese Political Prisoners Regarding the Death of Harry Wu and the Abuses of the Yahoo Human Rights Fund https://chinachange.org/2016/04/28/statement-by-seven-former-chinese-political-prisoners-regarding-the-death-of-harry-wu-and-the-abuses-of-the-yahoo-human-rights-fund/ (April 28, 2016): “of the approximately $14-15 million of the YHRF that has been spent from 2008 to 2015, only about $700,000 was used to provide humanitarian aid to Chinese dissidents.” 2) The Complicated and Contradictory Legacy of Harry Wu https://foreignpolicy.com/2016/05/25/the-complicated-and-contradictory-life-of-harry-wu-china-yahoo/ (Foreign Policy Report May 25, 2016): “he was ready to break rules or even laws.” 3) Gadflies at the Gate: Why Do Individual Investors Sponsor Shareholder Resolutions? http://www.gsb.stanford.edu/faculty-research/publications/gadflies-gate-why-do-individual-investors-sponsor-shareholder (Stanford Business School, August 2016) introduced my proposal at the 2011 Yahoo shareholders meeting: “Finally, one investor succeeded in compelling Yahoo to include his proposal on human rights violations following five years of rejection.” My proposal mentioned: “Yahoo Human Rights Fund has been politically abused.” 4) Champion of Human Rights in China Leaves a Tarnished Legacy http://www.nytimes.com/2016/08/14/us/champion-of-human-rights-in-china-leaves-a-tarnished-legacy.html (New York Times August 13, 2016): “He……spending more than $13 million of the Yahoo money to operate his own foundation.” “In some years, financial disclosure forms show that the foundation spent less than 2 percent of annual disbursements on direct assistance to Chinese dissidents or their families; in recent years, such grants all but dried up.” |