INTEL CORP
Shareholder Proposals
Item 6
Disclose and assess Intel’s China business dealings and quantify material revenue and asset exposure, as well as related mitigation steps, and publish a report within one year.
Request that the Board commission and publish a report, excluding proprietary information, describing Intel’s business dealings in China and assessing the related financial, regulatory, operational and reputational risks to company revenue and assets. The proposal asks the company to quantify exposure, discuss risks tied to potential sanctions, trade restrictions and forced labor enforcement (e.g., UFLPA), and explain any concessions or arrangements that might influence corporate decision-making. The requested report is to be made available to shareholders within one year and published on Intel’s website. The proponent cites external analyses estimating substantial asset and revenue exposure and frames the report as necessary for shareholders to evaluate risk and management oversight.
Item 7
Commission and publish an independent review assessing the effectiveness of Intel’s human rights due diligence in conflict-affected and high-risk areas and disclose findings, gaps, and remedial actions.
Request that the Board oversee an independent third‑party review of Intel’s human rights due diligence (HRDD) systems focused on Conflict‑Affected and High‑Risk Areas (CAHRAs) such as Xinjiang, the DRC and Israel/OPT. The proposed report should evaluate whether Intel’s HRDD identifies, prevents and mitigates adverse human rights impacts, identify gaps between policy and implementation, and explain how findings are integrated into supplier selection, contracts, product deployment and risk management. It should also describe Board-level oversight and the actions Intel takes when severe risks are identified, including service modification, suspension or contract termination. The proponent frames the review as a tool to improve transparency and investor confidence regarding material legal, reputational and operational risks in Intel’s global supply chain.
Item 8
Adopt a policy requiring separation of the Board Chair and CEO roles with an independent Chair (not replaceable by a lead director) and implement as soon as practicable.
Request that the Board adopt an enduring policy that the roles of Board Chair and Chief Executive Officer be held by different individuals and that the Board Chair be an independent director (with a lead director not serving as an equivalent substitute). The proposal allows the Board to appoint an interim non-independent Chair for a transitional period but seeks a permanent independent Chair as soon as practicable. The proponent argues that an independent Chair would enhance impartial oversight, strengthen accountability, mitigate conflicts of interest, and improve transparency and investor confidence. The proposal is framed as a corporate governance change intended to bolster board oversight of management.