Thursday, February 13, 2025
spot_imgspot_imgspot_imgspot_img
HomeBusinessApple's board recommends shareholders reject DEI rollback proposal

Apple’s board recommends shareholders reject DEI rollback proposal


Apple’s board of directors urges shareholders to reject a proposal that would require the company to be liquidated Diversity, Equity and Inclusion (DEI) The programs argue the move would be “unnecessary”.

iPhone manufacturer’s The defense of its DEI programs comes as many major corporations are scaling back so-called “woke” initiatives following a 2023 Supreme Court ruling against affirmative action and amid public pressure from activists.

anchor Security Last Change Change %
AAPL Apple Inc. 234.40 -2.45

-1.03%

A proxy filing released ahead of Apple’s 2025 annual meeting shows that the National Center for Public Policy Research, a free-market think tank and activist shareholder, proposed Apple abandon its DEI efforts, saying That such programs put the company at greater risk. being sued For discrimination.

Is Dei dying? Here’s a list of companies that have rolled back ‘woke’ policies

But Apple recommended shareholders vote against the proposal, saying it was “unnecessary because Apple already has a well-established compliance program and the proposal unfairly interferes with Apple’s normal business operations, people And attempts to restrict the ability to manage teams and business strategies.”

DEI often involves prioritizing race, gender, or sexuality in hiring, training, and programming, and the initiative has been criticized by conservatives as divisive and discriminatory. Proponents of DEI say that these efforts address racial divisions and provide assistance to groups that have historically been marginalized.

Meta orders removal of tampons from men’s rooms amid Zuckerberg uproar after election: Report

DEI policies have faced increased scrutiny over the past year, leading at least a dozen major US companies, including Walmart, Meta, and Ford, and hundreds of universities to withdraw these commitments.

anchor Security Last Change Change %
WMT Walmart Inc. 91.53 -1.47

-1.58%

meta Meta Platform Inc. 608.33 -7.53

-1.22%

F Ford Motor Company 9.71 +0.06

+0.62%

But Apple isn’t alone in standing firmly behind its DEI efforts. Most large companies in America still have such programs, and Costco recently also has one. defended its DEI policies Urging their own shareholders to reject the proposal that would liquidate them.

anchor Security Last Change Change %
Cost Costco Wholesale Corporation 924.70 -12.24

-1.31%

Get Fox Business by clicking here

Fox Business’s Christine Parks contributed to this report.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments

Enable Notifications OK No thanks