Apple urges shareholders to reject plan to end diversity, inclusion initiatives
Date
1/14/2025 3:30:26 AM
(MENAFN) According to an internal letter released by the media on Monday, Apple has asked shareholders to vote against a plan that would terminate the company's Diversity, Equity, and Inclusion (DEI) initiatives. Recently, major firms like Walmart, Ford, McDonald's, Amazon, and Meta have turned back or abandoned their DEI policies.
The conservative US think tank National Center for Public Policy Research made the proposal, urging the corporation to end its DEI operations due to possible financial, legal, and reputational hazards. The vote is set for February 25 at Apple's annual meeting.
The Iphone manufacturer claimed that the idea is unneeded because it already has adequate checks and balances in place and denounced the think tank's efforts as an attempt to "micromanage" the business.
A 2023 US Supreme Court judgment in Students for Fair Admissions v. Harvard, which determined that taking an applicant's race into account when making admissions decisions is unlawful, was referenced in the proposal.
MENAFN14012025000045016953ID1109087423
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.