Apple Board Defends Diversity Efforts and Legal Compliance

Apple’s board is standing firm against a proposal to drop its diversity efforts, urging shareholders to vote against the measure at the upcoming AGM on February 25. The proposal, filed by the National Center for Public Policy Research, calls for Apple to consider abolishing its inclusion and diversity program, policies, department, and goals.

The conservative group cites a US Supreme Court ruling that has limited race-based affirmative action in college admissions programs as a reason for its proposal. It also points to warnings from Republican attorneys general in 13 states about the legal risks companies face by continuing with diversity, equity, and inclusion (DE&I) efforts.

In response, Apple’s board argues that the proposal is unnecessary as the company already has a well-established compliance program. The board emphasizes that it and management maintain active oversight of legal and regulatory risks and compliance for the global business. Apple states that it conducts business ethically, honestly, and in compliance with applicable laws and regulations, and strives to create a culture of belonging for all employees.

The board highlights the role of its audit committee in overseeing business conduct, legal and regulatory risks, and its compensation committee in assisting with overseeing Apple’s strategies, policies, and practices regarding employees. The company’s board also receives regular updates on legal and regulatory developments.

The board’s stance against the proposal underscores Apple’s commitment to diversity and inclusion in the workplace. Shareholders will have the opportunity to weigh in on the issue at the upcoming AGM.