Apple shareholders are anticipated to overwhelmingly reject a proposal urging the company to eliminate its diversity, equity, and inclusion (DEI) initiatives. The proposal, from the conservative National Center for Public Policy Research, cites litigation risks associated with DEI programs, which they argue could expose Apple to lawsuits from employees. Conversely, Apple maintains that its DEI efforts are fundamental to its success and align with sound business practices, much like Costco's positioning—reflecting a trend among major firms to defend their diversity commitments amid political and legal scrutiny.
It's clear that DEI poses litigation, reputational and financial risks to companies, and therefore financial risks to their shareholders, and therefore further risks to companies for not abiding by their fiduciary duties.
Apple has steadfastly stood behind diversity and inclusion efforts that its management contends make good business sense.
The proposal drafted by the National Center for Public Policy Research urges Apple to follow high-profile companies that have retreated from diversity initiatives that are currently in the crosshairs of President Trump.
Just as Costco does, Apple has steadfastly stood behind diversity and inclusion efforts that its management contends make good business sense.
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