ADL and JLens Urge Shareholders of Alphabet Inc. to Vote AGAINST Proposal 11

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Proposal Asks Alphabet to Report on Data Risks from "Governmental Overreach," but Names Just One Government Contract: Israel's Project Nimbus Alphabet’s Board of Directors and Independent Proxy Advisory Firms ISS and Glass Lewis Also Recommend that Shareholders Vote AGAINST Proposal 11 NEW YORK--(BUSINESS WIRE)-- JLens, a Registered Investment Advisor that empowers investors to align their capital with Jewish values, along with ADL (the Anti-Defamation League), urge shareholders of Alphabet Inc. (NASDAQ: GOOG) (“Alphabet” or the “Company”) to vote AGAINST Proposal 11 at Alphabet’s annual meeting on June 5, 2026. Although Proposal 11 is framed as a broad data-privacy review, the only government contract it names is Alphabet's cloud agreement with the Israeli government, Project Nimbus. It raises no comparable concern about any other government Alphabet serves. JLens and ADL believe this selective focus mirrors the structural approach of the Boycott, Divestment and Sanctions ("BDS") movement. The Board of Directors of Alphabet (the “Board”) has recommended that the Company’s shareholders vote AGAINST Proposal 11. Leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”), have also recommended that Alphabet shareholders vote AGAINST Proposal 11. “Proposal 11 is part of a familiar pattern. Alphabet provides cloud services to governments around the world, including the most sensitive U.S. defense and intelligence systems, yet this proposal reserves its one named government contract for Israel‘s Project Nimbus. Singling out a single government customer, with no clear rationale for that choice, is not governance. It is a double standard, and double standards applied to Israel are among the defining features of antisemitism in our time,” said Jonathan A. Greenblatt, CEO and National Director of ADL. ADL and JLens believe that Proposal 11 mischaracterizes Project Nimbus by portraying it primarily as a military initiative, while giving minimal weight to its broad civilian applications. At the same time, Proposal 11 does not meaningfully address Israel’s need for modern cloud and AI technologies, especially in the wake of the October 7, 2023 terror attacks. "Google Cloud's government and defense customers buy on trust and neutrality. They need confidence that a signed contract won't be reopened to out...

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