Costco shareholders reject diversity report proposal with over 98% voting against it

From Investing.com: 2025-01-23 18:06:57

Costco shareholders reject proposal for diversity report, with over 98% voting against it at annual meeting. This comes as DEI programs face scrutiny, with Trump’s executive order targeting such initiatives in the private sector. National Center for Public Policy Research proposed the report, citing potential legal and financial risks.

Major companies like Meta Platforms, Amazon, JPMorgan Chase, and Boeing have made changes to their DEI initiatives, raising questions about the impact of such programs. Costco, with over 300,000 employees globally, defended its stance against the proposal, stating it would not offer meaningful information to shareholders.



Read more at Investing.com: Costco shareholders vote against proposal for report on diversity programs By Reuters