(Reuters) – Apple shareholders rejected the proposal of an external investor against its diversity, stock and inclusion policies at an annual meeting on Tuesday, as they achieved a great victory for the technology giant such as the opposition against such efforts that gain traction in the United States in the United States
The vote was a test of shareholders ’views on the value of Dei programs, which added or strengthened many companies starting in 2020 amid Black Lives Matter.
It prompted an increasingly conservative, conservative reaction, including Meta and Alphabet, to drop DEI initiatives before Donald Trump's return to the presidency of the United States. Trump has criticized companies' diversity programs, indicating that the US Department of Justice can investigate whether it violates the law.
Apple's shareholders voted against a proposal asked the company to prepare a report that evaluates its work risks with artificial intelligence, while all the administration's proposals were approved, as a preliminary outcome of the number of votes showed.
Earlier this month, the company's advisory services for the advisory shareholders recommended the return of investors to the Apple Dei policies, saying that the company is already providing sufficient information about it and that there were no differences or signs of discrimination against employee groups.
Apple shareholders in the past rejected proposals that would require the company to reveal more racist and sexual salaries. On Tuesday, CEO Tim Cook said that Apple had no shares or goals in diversity programs.
“With the development of the legal scene on these issues, we may need some changes to compliance, but our northern star of dignity and respect for everyone and our work will never hesitate,” Cook said.
The proposal against Apple diversity policies was presented by the National Center for Public Policy Research, which describes itself as a free market thinking tank.
The same group requested that Costco be wholesale from reporting the risk of preserving its diversity and inclusion initiatives. The shareholders voted in the retail stores in membership only against the proposal at a meeting in January.
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