Costco Wholesale rejected a shareholder proposal calling for a review of the business risks associated with its diversity, equity, and inclusion (DEI) policies. The company remains committed to its DEI initiatives despite calls from some shareholders and conservative groups to scale back such programs.
Costco is rejecting a shareholder proposal that calls for a review of the business risks posed by its diversity, equity, and inclusion policies, highlighting its commitment to a workplace grounded in respect and inclusion.As other U.S. companies scale back their DEI initiatives, Costco remains steadfast in defending its approach, urging shareholders to reject the motion during the company's annual meeting on Thursday.Newsweek has reached out to Costco for comment via email.
Context of Broader Corporate TrendsCostco's stance on DEI contrasts with the moves made by other large consumer companies. Retail giants including Walmart, McDonald's, and John Deere have seen shareholders challenge or express concerns over their diversity initiatives.Last week, over 30 Walmart shareholders urged the company's CEO to clarify the affect of scaling back DEI programs, describing the decision as 'disheartening.
COSTCO DEI SHAREHOLDERS CORPORATE DIVERSITY SUPREME COURT
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