Apple shareholders are anticipated to reject a proposal on Tuesday aimed at pressuring the company to eliminate its corporate diversity programs. The proposal, drafted by the National Center for Public Policy Research, a conservative think tank, follows actions by other high-profile companies that have scaled back diversity, equity, and inclusion (DEI) initiatives amid criticism from President Donald Trump. Similar to a recent rejection at Costco’s annual meeting, Apple is expected to oppose the proposal despite objections. Apple maintains that diversity and inclusion efforts align with good business practices. The proposal criticizes Apple’s DEI commitments, citing legal risks and potential lawsuits for alleged discrimination, estimating 50,000 employees could file cases without providing details. The group argues DEI poses litigation, reputational, and financial risks to companies and shareholders. Last week, Florida Attorney General James Uthmeier filed a lawsuit against Target over its DEI program, highlighting potential legal issues. Apple rebutted the proposal, stating its DEI program is integral to its success and $3.7 trillion market value. The company emphasized ethical business conduct and compliance with laws. Apple’s 2022 diversity report revealed nearly three-fourths of its workforce were white and Asian, with two-thirds being men. Other tech companies have similarly struggled to diversify their predominantly white and Asian male workforce. — news from The Associated Press
