Company: GOOGL
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001308179-25-000511
Chunk: 68

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 68
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 Governance Network supports CII’s recommendation “to require to a time-based              
 sunset clause for dual class shares to revert to a traditional one-share/one-vote structure no more than seven years after a company’s 
 IPO date.”                                                                                                                             |
| • | Asset manager BlackRock reiterates that “effective voting rights are basic rights of                                                   
 share ownership.”                                                                                                                      |
| • | The Investor Stewardship Group recommends that “shareholders should be entitled to voting                                              
 rights in proportion to their economic interest” and “boards should have a strong, independent leadership structure.”                  |
| • | As of November 15, 2024, Institutional Shareholder Services (ISS), which rates companies on                                            
 governance risk, gave our company a 10, its highest risk category, for the Governance QualityScore.                                    |

Shareholders are encouraged to vote FOR this good governance request to allow better shareholder oversight. Alphabet2025 Proxy Statement 76

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| Proxy Statement 
 Summary &       
 Highlights      | Corporate  
 Governance | Director and 
 Executive    
 Compensation | Audit Matters | Proposals | Q&A |

Alphabet Opposing Statement

Our Board of Directors recommends a vote AGAINSTthe stockholder proposal because:

| • | Our current capital structure has provided significant long-term stability and growth.        |
| • | Our strong governance structure and independent board leadership hold management accountable. |

Our long-term oriented capital structure effectively serves stockholders Since our inception, Google has been managed with a focus on the long term. This focus was emphasized by our co-founders, Larry Page and Sergey Brin, in their letter to our stockholders at the time of Google’s initial public offering in 2004: “We are creating a corporate structure that is designed for stability over long time horizons.” They reiterated their commitment to our long-term focus in their April 2012 letter to our stockholders: “We have always managed Google for the long term, investing heavily in the big bets we hope will make a significant difference in the world.” The creation of our holding company, Alphabet, in October 2015 to facilitate investment in long-term opportunities reinforces this view. Our success is owed in large part to the leadership and vision of our co-founders, who continue to oversee the company’s strategy as members of our Board, and that is carried on today by Alphabet CEO Sundar Pichai. We have established a consistent track record for continuously building a strong company and creating stockholder value. This value creation is supported by the stability