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Apple’s board recommends shareholders reject rejection of DEI return offer

Apple's board recommends shareholders reject rejection of DEI return offer
Tickets Security Last Change Change%
AAPL APPLE INC. 236.85 -5.85 -2.41%

Proxy documents released ahead of Apple’s 2025 annual meeting show that the National Center for Public Policy Research, a free market thinker and active shareholder, has asked Apple to abandon its DEI efforts, saying: Such programs put companies at high risk of being sued. Discrimination.

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However, Apple has recommended that shareholders vote against the proposal, stating that it is not necessary because Apple already has a compliance program in place and that the proposal is an inappropriate attempt to restrict Apple’s ability to manage transactions. Normal business, personal, people and groups and business strategies. ”

DEI often involves prioritizing race, gender, or gender in hiring, training, and programs, and initiatives have been criticized by conservatives as divisive and discriminatory. Proponents of DEI say these efforts address racial divisions and provide support to historically reduced groups.

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DEI’s policies have faced increasing scrutiny over the past year, leading dozens of large US companies and hundreds of universities to reclaim these commitments, including Walmart, Meta. And Ford.

Tickets Security Last Change Change%
WMT WALMART INC. 91.58 -1.43 -1.53%
Meta META Platforms INC. 615.86 +5.14 + 0.84%
FORD Motor CO., LTD. 9.68 +0.03 + 0.26%

But Apple is not alone in standing firmly behind its DEI efforts. Most large US companies still have such programs, and recently Costco also defended its DEI policy, while urging its shareholders to reject proposals that would end them.

Tickets Security Last Change Change%
Price COSTCO WHOLESALE CORP. 936.94 +9.57 + 1.03%

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FOX Business’ Kristine Parks contributed to the report.

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