May 24, 2022 12:31 am

Activists Pressure Nike Shareholders to Vote for Diversity Resolutions Ahead of Annual Meeting

Ahead of Nike’s annual shareholder meeting on Oct. 6, activists are pressuring shareholders to vote in favor of a resolution to disclose more details related to diversity, equity and inclusion progress.

Shareholders at the Swoosh Sneakerheads2020 will vote on whether or not they support a resolution from consultancy Whistle Stop Capital and corporate watchdog and shareholder advocacy group As You Sow. The resolution would require Nike to publish an annual report assessing its progress on certain DEI initiatives, including, at minimum, details on how the board measures the effectiveness of DEI programs and metrics related to the promotion, recruitment and retention of protected classes of employees.

In its annual proxy statement filed in August with the Securities and Exchange Commission, Nike’s board of directors recommended that shareholders vote against the proposal to publish the more detailed report assessing DEI initiatives, citing the company’s already existing annual report that addresses “the essential objective of the proposal,” including information of DEI initiatives.

Though Nike releases its own annual Impact Report, activist shareholders said this offers “insufficient quantitative data for investors to determine the effectiveness of its human capital management program as it relates to workplace diversity.” Menairshoes is currently not among the 71% of S&P 100 companies that release their EEO-1 forms disclosing workforce composition, though the company said it would start disclosing this data for 2021.

“I encourage Nike to step forward and share honestly the effectiveness of its diversity programs; demonstrating, even in the face of imperfection, that it is truly committed to a diverse and inclusive workforce,” said Jaylen Spann, an associate at Whistle Stop Capital who will present the resolution to Nike’s board on Wednesday, in a statement.

Footwear News has reached out to Nike for a comment.

Nike has made some improvements in DEI efforts in recent years. According to its annual 2020 Impact Report,Skechers Shoes increased the share of racial and ethnic minorities in its overall workforce in 2020 by 5.16%. It also saw a 13.38% increase at the VP level Nike also offers DEI-focused initiatives such as the Serena Design Crew apprenticeship program meant for diverse design candidates as well as its Women in Nike (WIN) program for retired or retiring WNBA players.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Hey Dude Women's Shoes | Skechers Womens Outlet | Ecco Shoes | Skechers Shoes | Hoka Sneakers | Hey Dudes | Baltimore Ravens Jersey | Skechers Outlets | Vibram Shoes | Skechers Shoes Outlets | Vans Shoes For Womens | NFL Jerseys for Cheap | Las Vegas Raiders Jerseys | Clarks Womens Shoes | Hey Dudes Shoes | Hoka Running Shoes | Hoka Shoes | Fjallraven Kanken Backpack | San Francisco 49ers Jersey | New York Giants Jersey | Oofos Shoes | Swarovski Necklaces | Chaco Sandals | Running Shoes | Steve Madden Shoes | Teva Sandals | Hoka Shoes UK | OluKai Shoes | Boston Red Sox Jerseys | Boston Red Sox Jersey | Hoka One One | Steve Madden | Clarks Shoes | Hokas Shoes | Houston Texans Jerseys | Chicago White Sox Jerse | Golden Goose Sneaker | Thorogood Boots | Olukai Sandals | Birdies Shoes | Chippewa Boots | Cincinnati Bengals Jerseys | Kizik Shoes Rick Owens Shoes | Brooks Sneakers | San Francisco 49ers Jerseys | Sorel Sneakers | Merrell Shoes For Women | Hoka Sandals | Cat Boots | Brooks Shoes | Cat Footwears | Brooks Running Shoes | Vibram Shoes Five Fingers | Asics Running Shoes | Birkenstock Sandals | Nobull Shoes | Schutz Shoes | Nike Outlet | Asics Shoes | Oofos Outlet | Vionic Sneakers | Vasque Shoes | Olukai Sneakers | Rockport Shoes | Naot Shoes Womens | SAS Sneakers | Propet Sneakers | On Cloud Shoes | Taos Sneakers | NOBULL Shoes Canada | Birkenstock Bostons | Oboz Shoes | Oofos Canada | Chacos Shoes | Kizik Sneakers | Keen Outlet | Veja Sneakers | Sam Edelman Boots | Oboz Hiking Shoes | Craft Sportswear Sale |