Jobs    Everything

Select a Metro Area

The National Center for Public Policy Research submitted an anti-DEI proposal, but Costco’s board is asking shareholders to reject it.

Costco is pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity, and inclusion practices. Investors were expected to vote on the recommendation during the company’s annual meeting Thursday.

The National Center for Public Policy Research, a conservative think tank based in Washington, submitted the proposal, arguing that Costco’s DEI initiatives hold “litigation, reputational and financial risks to the company, and therefore financial risks to shareholders.”

The think tank has made a similar proposal to Apple, and like some American companies that already scaled back or retreated from their diversity policies, cited a U.S. Supreme Court decision in July 2023 that outlawed affirmative action in college admissions.

Read the complete Fast Company article BY Associated Press: https://www.fastcompany.com/91265914/costco-upholds-dei-policies-amazon-walmart-scale-theirs-back

Share This