3 sources·Business

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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  1. Costco rejects shareholder proposal to scale back DEI

    Costco's unwavering commitment to its diversity, equity, and inclusion policies, especially amid a nationwide retreat from such initiatives by other corporations, exemplifies a bold stance in an increasingly contentious corporate landscape.

    Costco rejects shareholder proposal to scale back DEI

    NewsweekNewsweek·3M
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  2. Costco defends its diversity policies as other US companies scale theirs back

    Costco's unwavering commitment to diversity, equity, and inclusion stands in stark contrast to a growing tide of skepticism from other major corporations, highlighting its belief that such practices not only promote fairness but also drive business success.

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

    Associated PressAssociated Press·3M
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  3. Costco Defends Its Diversity Policies

    Costco's unwavering commitment to diversity, equity, and inclusion stands in stark contrast to the growing trend among major corporations to retreat from these initiatives, showcasing the company's belief that such practices not only foster creativity and innovation but are also vital for long-term success.

    Costco Defends Its Diversity Policies

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Updated: Jan 23rd, 2025, 11:09 AM ET

Summary

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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Costco Defends DEI Policies Against Shareholder Proposal Amid Rising Corporate Scrutiny - Pano News