Boards Reset As ISS Ends Consideration Of DEI In Director Elections
With the move by ISS and the potential government DEI scrutiny, corporations now have the opportunity to revisit this issue to restate their position or make modifications.
With the move by ISS and the potential government DEI scrutiny, corporations now have the opportunity to revisit this issue to restate their position or make modifications.
Corporate board members should endeavor to find out as much as possible about the DOJ’s anti-DEI efforts before making any major changes to corporate operations and programs.
With more companies like McDonald’s and Walmart ending DEI initiatives, corporate boards can count on continuing pressure from conservative groups to abandon diversity programs. Getting shareholders’ input on the issue offers corporate boards tremendous support.
In both cases, NCPPR has labeled DEI as “illegal discrimination” and cites the threat of lawsuits as the primary risk and reason for getting rid of DEI programs.
Despite trending backlash, many companies continue to include at least once ESG metric in executive pay incentives.
No matter which side of the DEI debate directors are on, corporate boards will likely pay close attention to what happens with the vote on this anti-DEI proposal.