Nike and FedEx signs. Credit: ALM Nike, FedEx Shareholders Shoot Down Diversity-Transparency Proposals
"Nike cannot currently claim leadership on diversity data transparency and our expectation is that it will begin to find itself isolated from its peers," said Meredith Benton, founder of Whistle Stop Capital.
October 07, 2021 at 01:32 PM
3 minute read
Nike Inc. and FedEx Corp. shareholders have rejected proposals aimed at promoting diversity and bringing more transparency to the companies' environmental, social and governance reporting.
Whistle Stop Capital, the San Francisco-based consultancy firm behind the Nike proposal, had argued that the company needed to shine a light on the outcomes of the company's diversity, equity and inclusion efforts to prove that it was "something more than corporate puffery" or "woke-washing."
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