The Globe and Mail reports in its Monday edition that just when corporate managements thought workplace diversity, equity and inclusion (DEI) programs were dying in the face of U.S. President Donald Trump's anti-diversity push, shareholders at some of the biggest companies are resisting. The Globe's Gus Carlson writes that this month, shareholders of Berkshire Hathaway and Bristol Myers joined their counterparts at other big brands such as Apple and Coca-Cola in rejecting anti-DEI proposals from company management. The voting was not even close. In both instances, 98 per cent of shareholders said No. The pushback by shareholders sets up a potential showdown between Mr. Trump's anti-DEI crusaders and a universe of corporate leaders whipsawed by social and political issues. The emerging resistance is remarkable for many reasons. For one, the near-unanimity of the recent votes -- support for such proposals has been in the 1- to 2-per-cent range -- suggests that shareholders not only believe strongly that DEI is important, but they also do not like their companies to bow to threats. DEI, done properly and fairly for everyone, can legitimately demonstrate performance improvement. Smart shareholders understand that.
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