Costco's commitment to diversity, equity, and inclusion (DEI) is being challenged by a coalition of 19 Republican attorneys general, who claim that the company's DEI practices are divisive and discriminatory. They have sent a letter to CEO Ron Vachris asking for the termination of these initiatives, referencing legal risks associated with such policies. This scrutiny follows a significant rejection by Costco shareholders of a proposal aiming to assess any DEI-related risks. The attorneys general allowed Costco 30 days to respond, potentially intensifying the pressure on the company amid wider national discussions on DEI efforts.
Costco should not have policies that discriminate in hiring based on race or gender, according to a letter from 19 Republican attorneys general.
The overwhelming support of our shareholders' vote really puts an answer to that question, said CEO Ron Vachris following the rejection of a DEI risk report.
#costco #diversity-and-inclusion #republican-scrutiny #corporate-governance #shareholder-resolutions
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