Home » Costco Board Urges Shareholders to Reject Calls to End DEI Programs

Costco Board Urges Shareholders to Reject Calls to End DEI Programs

Several large U.S. companies ended their DEI programs in 2024.

SeverallargeU.S.companiesendedtheirDEIprogramsin2024. Costco’sboardofdirectorshasencouragedshareholderstovotetosupportits“diversity,equity,andinclusion”(DEI)programafteritreceivedaproposaltorejectthepractice. TheNationalCenterforPublicPolicy,aconservativethinktank,hadurgedCostco’sshareholdersandboardtostrikeDEIbecauseitpromoteddiscriminatorypractices,accordingtotheKirkland,Washington-basedretailerinastatementtoshareholders. Severalcompanies,includingTractorSupplyCo.,HarleyDavidson,JohnDeere,Lowes,andothers,haveannouncedtheywillrepealtheirDEIpoliciesafterfacingpushbackfromconservativesandlawmakers. In2024,anumberofuniversities—includingtheMassachusettsInstituteofTechnology,HarvardUniversity,andtheUniversityofMichigan—haveendedtheirpriorpracticesofsolicitingDEIstatementsforhiringandpromotions. “It’sclearthatDEIholdslitigation,reputationalandfinancialriskstotheCompany,andthereforefinancialriskstoshareholders,”th