During Disney's annual shareholder meeting, a proposal to remove the company from the Corporate Equality Index was overwhelmingly rejected, with only 1% of shareholders in favor. The conservative National Center for Public Policy Research had promoted the motion, arguing that Disney's involvement in diversity and inclusion initiatives could alienate customers and damage shareholder value. However, Disney's board and shareholders, including the Human Rights Campaign, emphasized that commitment to diversity not only reflects corporate values but also positively impacts innovation and profitability.
When corporations take extreme positions, they destroy shareholder value by alienating large portions of their customers and investors. This proposal provides Disney with an opportunity to move back to neutral.
The vote gives us a clear statement of values from Disney's shareholders. Despite the growing politicization of DEI and workplace inclusion, leading global businesses remain committed to a welcoming, inclusive environment.
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