The proposal’s proponents say most of the votes against it were influenced by proxy advisers, not individual shareholders.
While some companies steer away from diversity, equity, and inclusion (DEI) policies, others are sticking with their previous commitments.
Costco shareholders voted down an investor proposal from a right-leaning think tank that urged management to investigate the business risks of DEI.
The Costco board of directors called on investors to vote against a proposal evaluating DEI's "financial risks to shareholders." ...
Costco is pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices.
Costco's shareholders voted overwhelmingly to reject a motion that would seek report on the risks of diversity, equity and inclusion in the company's hiring practices.