Costco, one of the largest wholesale retailers in the United States, is urging shareholders to vote against a proposal to eliminate its diversity, equity and inclusion (DEI) program.
“Shareholders request that the Board conduct an evaluation and publish a report, omitting proprietary and privileged information, on the risks of the Company maintaining its current DEI (including ‘People & Communities’) roles, policies and goals,” the proposal states.
“Our Board has considered this proposal and believes that our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary. The report requested by this proposal would not provide meaningful additional information to our shareholders, and the Board thus unanimously recommends a vote AGAINST this proposal,” Costco wrote.
“Combined with our obedience to
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