Costco is resisting a shareholder proposal requesting an evaluation of the business risks associated with its diversity, equity, and inclusion (DEI) practices. The National Center for Public Policy Research argues that these initiatives pose potential litigation and financial risks, especially after a Supreme Court ruling against affirmative action. Despite this push-back, Costco's board maintains that their dedication to diversity fosters creativity, innovation, and customer satisfaction, believing the report would not yield significant insights. Analysts expect the proposal to be rejected, citing strong confidence in the company's management.
Costco's board unanimously recommends that shareholders reject a proposal to assess DEI risks, affirming their commitment to diversity as vital for innovation and customer satisfaction.
The National Center for Public Policy Research asserts that Costco's DEI initiatives pose litigation and financial risks, referring to a recent Supreme Court decision impacting diversity policies.
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