In a recent shareholder meeting, Apple resisted pressure from a conservative think tank to abandon its diversity, equity, and inclusion (DEI) programs. The proposal aimed to mirror movements in other companies, facing backlash from critics including former President Trump. While the full vote tally remains undisclosed, the rejection reflects Apple's commitment to these initiatives, which they argue are essential for both ethical practices and business efficacy. The conservative group's assertions pointed to potential legal risks stemming from DEI-related claims but were not sufficient to sway shareholders.
After a brief presentation about the anti-DEI proposal, Apple announced shareholders had rejected it without disclosing the vote tally.
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.
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