Costco's shareholders decisively rejected a proposal from a conservative think tank to roll back diversity hiring practices, reaffirming the retailer's commitment to diversity, equity, and inclusion (DEI). The company's board argued that DEI initiatives are vital for business success and attract diverse talent. The vote, held during a shareholders' meeting, ended with 98% against the proposal. In contrast to Costco, many corporations are scaling back their DEI efforts following a Supreme Court ruling against race-based admissions, indicating a broader retreat from such initiatives in the corporate sector. Costco maintains that its practices comply with evolving legal standards.
Costco's shareholders overwhelmingly rejected a proposal to eliminate diversity hiring practices, affirming the company’s commitment to diversity as essential for business success.
The board noted that its DEI initiatives are not only compliant with the law but also crucial for attracting and maintaining a diverse workforce.
While many corporations are retreating from DEI efforts in response to recent Supreme Court rulings, Costco stands firm in its commitment to diversity and inclusion.
Costco's rejection of the proposal reflects its belief that diversity, equity, and inclusion efforts enhance business outcomes by providing opportunities for all.
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