Costco shareholders rejected a proposal urging the wholesale club operator to evaluate any risks posed by its diversity, equity and inclusion practices. According to preliminary results shared by Costco executives at its annual meeting Thursday, more than 98% of shares voted against the proposal.

Costco shareholders want to uphold DEI policies. As AFROTECH™ previously told you, Costco’s board of directors has requested that its shareholders reject a proposal introduced by the National Center for Public Policy Research (NCPPR) to eliminate its diversity,

Costco shareholders overwhelmingly rejected a proposal to eliminate DEI programs, emphasizing their importance despite political pressure and claims of financial risk.