Stock

Apple’s board recommends shareholders vote against proposal to eliminate diversity programs

(Reuters) – Apple (NASDAQ:AAPL)’s board of directors recommended investors vote against a shareholder proposal to abolish the company’s Diversity, Equity, and Inclusion (DEI) programs, according to a proxy filing from the company.

The National Center for Public Policy, a conservative think tank, submitted a proposal that the company consider abolishing its “Inclusion & Diversity program, policies, department and goals.”

The proposal cited recent Supreme Court decisions, and made the argument that DEI poses “litigation, reputational and financial risks to companies” and could make Apple more vulnerable to lawsuits.

Apple responded that it had a well-established compliance program and the proposal was unnecessary. It added that the shareholder proposal was an inappropriate attempt to micromanage Apple’s business strategy.

“Apple is an equal opportunity employer and does not discriminate in recruiting, hiring, training, or promoting on any basis protected by law”, the iPhone maker said in the filing. The news was first reported by TechCrunch.

Several major companies including Meta (NASDAQ:META) and Amazon (NASDAQ:AMZN) are winding down diversity programs ahead of Republican Donald Trump’s return to the U.S. presidency as conservative opposition to such initiatives grows louder.

Conservative groups have denounced DEI programs and threatened to sue companies over them, emboldened by a U.S. Supreme Court ruling in 2023 that struck down affirmative action in university admissions decisions.

The changes show how some of America’s biggest businesses have reacted to a larger conservative backlash against diversity initiatives, which multiplied after widespread protests following the police killings of George Floyd and other Black Americans in 2020.

This post appeared first on investing.com

You May Also Like

Economy

A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

Investing

Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

Editor's Pick

Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz (D) will face off Tuesday night at a CBS News vice-presidential debate in New York....

Editor's Pick

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 balanceandcharge.com

Exit mobile version