Apple shareholders uphold diversity policies despite conservative push to eliminate them, marking a significant win for employees.
In Short
Apple shareholders voted to uphold the company’s diversity, equity, and inclusion (DEI) policies, rejecting a conservative group’s proposal to end these initiatives. CEO Tim Cook reiterated Apple’s commitment to diversity, despite legal concerns, while other management proposals were also approved.
Apple shareholders voted on to maintain the company’s diversity, equity, and inclusion (DEI) policies.
The decision represents a positive outcome for Apple management, which opposed efforts by a conservative group to end these initiatives.
The vote was a reflection of shifting shareholder sentiments regarding DEI programs, which gained traction after the Black Lives Matter movement in 2020.
Trump’s trend
Several major US companies face increasing pressure from conservative factions to abandon their DEI efforts. This trend has been particularly evident since Donald Trump’s ascension in US politics, who has voiced criticism against corporate DEI initiatives.
The proposal to cease DEI efforts, put forth by the National Center for Public Policy Research, was overwhelmingly rejected, with 210.45 million votes in favour and 8.84 billion against.
Proponents of the proposal cited potential legal repercussions as a concern for the company. Apple, however, highlighted its commitment to a culture of respect and diversity and stated their goal to mitigate legal risks.
Apple’s DEI initiatives include various support programs, such as partnerships with historically Black colleges and initiatives aiding indigenous communities in Mexico and Australia.
During the meeting, CEO Tim Cook reaffirmed the company’s dedication to fostering diversity while acknowledging that legal frameworks may necessitate future adjustments in policies.
Other proposals, including those related to artificial intelligence and reporting on pay gaps, were also defeated. All management proposals, including executive pay, received approval.
