Apple investors reject proposal to end DEI program as Tim Cook commits to a ‘culture of belonging’

Apple is holding its annual shareholder meeting today as investors vote on several proposals and hear updates from CEO Tim Cook. Most notably, Apple shareholders rejected an outside proposal calling for the company to end its DEI initiatives. Apple doubles down on DEI As we reported last month, the conservative think tank National Center for Public Policy Research submitted a shareholder proposal calling on Apple to end its diversity, equity, and inclusion programs. The proposal claimed that DEI “poses litigation, reputational and financial risks to companies, and therefore financial risks to their shareholders, and therefore further risks to companies for not abiding by their fiduciary duties.” According to the think tank, Apple’s “Inclusion & Diversity” program policies are “consistent with, if not more radical than, most corporate DEI programs.” Apple, however, recommended that shareholders vote against this proposal in its annual proxy report and said: At Apple, we believe th ... Read full article.