Costco board decries effort to end its DEI programs

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Posted on 12/28/2024 10:18:59 AM PST by rod5591

As many companies are cutting back or ending diversity initiatives, Costco's Board of Trustees is pushing back on efforts to end the company's DEI programs.

The Board urged its shareholders to vote against a proposal submitted by the National Center for Public Policy Research that called on Costco to eliminate DEI programs. The group claims that DEI programs are discriminatory and put the company at financial risk.

"It's clear that DEI holds litigation, reputational and financial risks to the Company, and therefore financial risks to shareholders," the National Center for Public Policy Research wrote in its letter of support.

In response, Costco's Board of Trustees voted unanimously to urge shareholders to decline the proposal. Shareholders will have their say on Jan. 23.

"Our success at Costco Wholesale has been built on service to our critical stakeholders: employees, members, and suppliers," the Board wrote in response to the proposal. "Our efforts around diversity, equity and inclusion follow our code of ethics: For our employees, these efforts are built around inclusion – having all of our employees feel valued and respected. Our efforts at diversity, equity and inclusion remind and reinforce with everyone at our Company the importance of creating opportunities for all.

(Excerpt) Read more at scrippsnews.com ...

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This Board needs to be immediately replaced by COSTCO.

1 posted on 12/28/2024 10:18:59 AM PST by rod5591

To: rod5591

2 posted on 12/28/2024 10:20:28 AM PST by No name given ( Anonymous is who you’ll know me as)

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