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Three Things To Know About Corporate DEI Rollbacks—Financial Times
September 9, 2024
The backlash against corporate diversity, equity, and inclusion (DEI) initiatives, including those focused on using DEI metrics in executive pay, is real but may be exaggerated, reports the Financial Times, which cites Farient data. Though shareholder support for DEI metrics appears to have peaked in 2022, it continues to hold steady more broadly.
Most Americans remain supportive of DEI as a concept, and those high-profile companies that have modified or ditched DEI initiatives have seen little or no impact on valuation. Instead, corporate America is shifting or redefining DEI initiatives rather than abandoning them altogether, a trend documented by annual research on executive compensation published by Farient, a founding partner of the Global Governance and Executive Compensation (GECN) Group, which commissions the study.
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