Costco is pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices.

Costco shareholders voted down an investor proposal from a right-leaning think tank that urged management to investigate the business risks of DEI.

On Monday, the president signed an executive order putting an end to all federal DEI initiatives, calling them “illegal,” ...

Costco shareholders overwhelmingly voted against a proposal that the company characterized as a way to undermine DEI policies.

The proposal’s proponents say most of the votes against it were influenced by proxy advisers, not individual shareholders.