Costco's Board of Trustees is urging shareholders to reject a proposal by the National Center for Public Policy Research to eliminate the company's diversity, equity, and inclusion (DEI) programs. The Board argues that DEI initiatives are essential to the company's success, fostering a culture of inclusion and attracting top talent. The National Center, however, claims DEI programs are discriminatory and pose financial risks.
As many companies are cutting back or ending diversity initiatives, Costco 's Board of Trustees is pushing back on efforts to end the company's DEI programs.The Board urged its shareholders to vote against a proposal submitted by the National Center for Public Policy Research that called on Costco to eliminate DEI programs. The group claims that DEI programs are discriminatory and put the company at financial risk.
'We believe that these efforts enhance our capacity to attract and retain employees who will help our business succeed. This capacity is critical because we owe our success to our now over 300,000 employees around the globe.'The National Center for Public Policy Search said the Supreme Court decision reached in 2023 in SFFA v. Harvard indicated that companies' DEI programs could potentially be illegal.
COSTCO DEI Diversity Equity Inclusion Shareholders
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