Costco Defends DEI Policies Against Shareholder Proposal Amid Rising Corporate Scrutiny

Costco's board urges rejection of a shareholder proposal that questions the risks of its diversity, equity, and inclusion initiatives while contrasting with other companies' retractions.

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Costco rejects shareholder proposal to scale back DEI

Newsweek

Costco defends its diversity policies as other US companies scale theirs back

Associated Press

Costco Defends Its Diversity Policies

Newsmax

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Overview

A summary of the key points of this story verified across multiple sources.

Costco's board unanimously rejected a shareholder proposal requesting an evaluation of its diversity, equity, and inclusion (DEI) practices, asserting that these initiatives foster innovation and customer satisfaction. This decision comes amid broader scrutiny of corporate DEI policies following a Supreme Court ruling against affirmative action. While many companies scale back their DEI efforts due to perceived risks, Costco stands firm in maintaining its commitment to inclusion. Critics argue that Costco's DEI initiatives could expose the company to litigation risks, a concern echoed by the proposing conservative think tank.

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