Costco’s Board of Directors urges shareholders to reject a proposal from the National Center for Public Policy Research that seeks to end the company’s diversity, equity, and inclusion programs. The conservative think tank argues that DEI initiatives pose legal, reputational, and financial risks, citing recent lawsuits and a Supreme Court ruling. Costco defends its DEI efforts as critical to business success, employee satisfaction, and customer relationships, asserting full legal compliance. Shareholders will vote on the proposal at Costco’s Annual Meeting on January 23.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Costco's board of directors is urging shareholders to reject the proposal for the National Center
00:06for Public Policy Research that seeks to end the company's diversity, equity, and inclusion
00:11programs. The conservative think tank argues that DEI initiatives pose legal, reputational,
00:16and financial risks, citing recent lawsuits and a Supreme Court ruling. Costco defends its DEI
00:22efforts as critical to business success, employee satisfaction, and customer relationships,
00:27asserting full legal compliance. Shareholders will vote on the proposal
00:30at Costco's annual meeting on January 23rd. For all things money, visit Benzinga.com slash GSTV.