Colgate-Palmolive plans to continue using diversity, equity, and inclusion (DEI) criteria for its board selections, despite other major corporations like American Express and Goldman Sachs signaling a move away from such practices. The National Legal and Policy Center (NLPC) filed a shareholder proposal against Colgate-Palmolive’s DEI stance, which the company intends to oppose. NLPC criticizes Colgate-Palmolive for “doubling down on DEI” and views the company’s inconsistent signals on DEI as problematic for shareholders.
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BLOOMBERG: Colgate-Palmolive Sticks w/ DEI Priorities for Board Seats
Colgate-Palmolive plans to continue using diversity, equity, and inclusion (DEI) criteria for its board selections, despite other major corporations like American Express and Goldman Sachs signaling a move away from such practices. The National Legal and Policy Center (NLPC) filed a shareholder proposal against Colgate-Palmolive’s DEI stance, which the company intends to oppose. NLPC criticizes Colgate-Palmolive for “doubling down on DEI” and views the company’s inconsistent signals on DEI as problematic for shareholders.