Apple Inc’s board of directors has recommended shareholders vote against a proposal to end the company’s diversity, equity and inclusion (DEI) programs, going against the grain of decisions by other large US corporates.
The National Center for Public Policy Research, a conservative think tank, proposed Apple shareholders consider ending the firm’s DEI program to prevent lawsuits following a 2023 Supreme Court’s ruling against affirmative action in universities. But the Apple board has recommended voting against the proposal when it meets late this month.
"The proposal is unnecessary as Apple already has a well-established compliance program," said the board, which includes Tim Cook, the California-based company’s boss.
Photo: Reuters
"The proposal also inappropriately attempts to restrict Apple’s ability to manage its own ordinary business operations, people and teams, and business strategies," it said, accusing the think-tank of trying to "micromanage" the company.
The board said the iPhone maker "is an equal opportunity employer and does not discriminate in recruiting, hiring, training, or promoting on any basis protected by law."
The proposal will be put to a shareholder vote at Apple’s annual general meeting on Feb. 25.
Following in the footsteps of McDonald’s Corp, Ford Motor Co, Walmart Inc and a host of others, Meta Platforms Inc became the latest US firm to end its DEI programs.
The Friday announcement by Meta which owns Facebook and Instagram, comes amid what it described as "a changing legal and policy landscape."
US president-elect Donald Trump who takes office next week, has been a harsh critic of Meta and its owner Mark Zuckerberg for years, accusing the company of bias against him and threatening to retaliate against the tech billionaire once back in office.
Zuckerberg has been moving aggressively to reconcile with Trump since his election win in November last year, including donating US$1 million to his inauguration fund and hiring a Republican as his public affairs chief.
Republicans are also fiercely against DEI programs in corporate America, many of which were established in the aftermath of the Black Lives Matter movement and the nation’s attempt to reckon with longstanding racial disparities.
Merida Industry Co (美利達) has seen signs of recovery in the US and European markets this year, as customers are gradually depleting their inventories, the bicycle maker told shareholders yesterday. Given robust growth in new orders at its Taiwanese factory, coupled with its subsidiaries’ improving performance, Merida said it remains confident about the bicycle market’s prospects and expects steady growth in its core business this year. CAUTION ON CHINA However, the company must handle the Chinese market with great caution, as sales of road bikes there have declined significantly, affecting its revenue and profitability, Merida said in a statement, adding that it would
MARKET LEADERSHIP: Investors are flocking to Nvidia, drawn by the company’s long-term fundamntals, dominant position in the AI sector, and pricing and margin power Two years after Nvidia Corp made history by becoming the first chipmaker to achieve a US$1 trillion market capitalization, an even more remarkable milestone is within its grasp: becoming the first company to reach US$4 trillion. After the emergence of China’s DeepSeek (深度求索) sent the stock plunging earlier this year and stoked concerns that outlays on artificial intelligence (AI) infrastructure were set to slow, Nvidia shares have rallied back to a record. The company’s biggest customers remain full steam ahead on spending, much of which is flowing to its computing systems. Microsoft Corp, Meta Platforms Inc, Amazon.com Inc and Alphabet Inc are
RISING: Strong exports, and life insurance companies’ efforts to manage currency risks indicates the NT dollar would eventually pass the 29 level, an expert said The New Taiwan dollar yesterday rallied to its strongest in three years amid inflows to the nation’s stock market and broad-based weakness in the US dollar. Exporter sales of the US currency and a repatriation of funds from local asset managers also played a role, said two traders, who asked not to be identified as they were not authorized to speak publicly. State-owned banks were seen buying the greenback yesterday, but only at a moderate scale, the traders said. The local currency gained 0.77 percent, outperforming almost all of its Asian peers, to close at NT$29.165 per US dollar in Taipei trading yesterday. The
The US overtaking China as Taiwan’s top export destination could boost industrial development and wage growth, given the US is a high-income economy, an economist said yesterday. However, Taiwan still needs to diversify its export markets due to the unpredictability of US President Donald Trump’s administration, said Chiou Jiunn-rong (邱俊榮), an economics professor at National Central University. Taiwan’s exports soared to a record US$51.74 billion last month, driven by strong demand for artificial intelligence (AI) products and continued orders, with information and communication technology (ICT) and audio/video products leading all sectors. The US reclaimed its position as Taiwan’s top export market, accounting for
RSS