Reported 3 days ago
Costco Wholesale shareholders have decisively opposed a proposal to evaluate the risks associated with its diversity and inclusion programs, with over 98% voting against it at the annual meeting. This outcome reflects a continued investor confidence in corporate diversity initiatives, despite growing scrutiny and political challenges to such policies. The proposal originated from a free-market think tank that raised concerns about potential legal and financial risks linked to DEI efforts. Costco's board argued that the review would not yield valuable insights for shareholders.
Source: YAHOO