Texas Instruments

Santa Clara, Texas
Semiconductors and Semiconductor Equipment

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Texas Instruments scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Texas Instruments (TI), increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. TI forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company supports the Equality Act, a controversial bill and opposed the North Carolina biological bathroom law in 2017. The company's CEO is a member of the Business Roundtable. Its former CEO Richard Templeton signed its 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders. TI’s former CEO, Richard K. Templeton, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The company has contributed $1 million to the BLM movement and related causes and is a copper sponsor of Out & Equal. For these reasons, TI receives a High Risk rating.

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Board Bias

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CEO of Texas Instruments

Haviv Ilan

Haviv Ilan

Summary:

Headquartered in Santa Clara, Texas, Texas Instruments is a member of the Fortune 250 operating in the Semiconductors and Semiconductor Equipment industry. Haviv Ilan and Richard K. Templeton serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $50 to Republican causes and $0 to Democratic causes. Under their tenure, Texas Instruments currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$50

$0

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/27/23GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against41.30%
4/27/23SocialFriends Fiduciary Corp.Report on Due Diligence Efforts to Trace Customer Misuse of ProductsAgainst20.80%
4/28/22GovernanceJohn CheveddenSpecial Meetings - Ownership Req. at 10%Against43.39%
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