Apple Shareholders Reject Proposal to End DEI Programs

During its annual shareholder meeting, Apple shareholders rejected a proposal aimed at ceasing the company's diversity, equity, and inclusion (DEI) initiatives, marking a significant victory for the tech giant amid rising conservative opposition to such programs. The proposal, backed by the National Center for Public Policy Research, claimed that Apple's DEI efforts posed litigation and financial risks, but investors sided with the company, affirming its commitment to fostering a culture of belonging. Despite pressure from the conservative movement, which has seen other major corporations roll back DEI commitments, Apple defended its practices as essential to its success and compliance efforts. Additionally, shareholders turned down other proposals, including those concerning artificial intelligence risk assessments and transparency related to child sexual abuse material. Apple's market capitalization stands at $3.7 trillion, reinforcing its position as a leading company in its sector. The decision reflects broader debates about corporate responsibility and the future of DEI initiatives in the corporate landscape.