Nike Inc. shareholders on Wednesday rejected a shareholder proposal asking the company to report on the effectiveness of its diversity, equity and inclusion programs, according to the group who sought the change.
Nike NKE, -0.44% — which has declared solidarity with Black Lives Matter and other social-justice movements, including featuring former NFL player and activist Colin Kaepernick in prominent commercials — urged shareholders to vote against the resolution. The company said in its proxy that it is already doing enough to ensure diversity, equity and inclusion “at all levels of the company,” including by including in its annual impact report information about the demographics of its workforce.
See: Companies that declared solidarity after George Floyd killing may be ‘woke washing,’ shareholder advocates warn In 2018, many male executives left the company after allegations of sexual harassment and gender discrimination. In 2019, Olympic track star Allyson Felix accused Nike of being unsupportive of pregnant women and new mothers, and she eventually switched sponsors.
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