A conservative activist group has proposed a shareholder resolution to Costco, urging the company to review its diversity, equity, and inclusion (DEI) policies in an effort to eliminate them. The National Center for Public Policy Research, a Washington-based think tank, believes that certain DEI initiatives could lead to financial risks due to potential discrimination lawsuits from employees who identify as white, Asian, male, or straight.
Costco’s board of directors has strongly opposed the proposal. The company has implemented various DEI policies aimed at promoting inclusivity and equal opportunity for all employees. Despite this, the conservative group is pushing for a more restrictive approach, claiming that these policies could leave the company vulnerable to lawsuits.
The proposed resolution outlines specific concerns regarding potential legal liabilities due to alleged discrimination under Title VII of the Civil Rights Act. However, experts argue that companies like Costco have a responsibility to foster an inclusive work environment, which can help prevent lawsuits and promote long-term success.
As Costco prepares for its upcoming shareholders’ meeting, stakeholders are watching closely to see how this proposal will play out. The company’s response to this push for change could have significant implications for its reputation and future business strategy.
Source: https://www.seattletimes.com/business/when-an-anti-dei-activist-took-a-swing-at-costco-the-board-hit-back