Bloomberg Law
May 18, 2021, 9:18 PM

Nike Looks to Block Vote on Shareholders’ Diversity Proposal

Andrew Ramonas
Andrew Ramonas
Corporate Disclosure Reporter

Nike Inc. asked the SEC to bless its plans to prevent a vote on a shareholder proposal seeking annual reports on the company’s diversity and inclusion efforts.

The proposal, filed by shareholder advocate As You Sow on behalf of Nike investors, calls for information that mostly would mirror what the company already publishes, Nike said in a letter posted on the Securities and Exchange Commission’s website Tuesday.

The investors are seeking disclosures about how the sportswear manufacturer’s board reviews the effectiveness of its diversity, equity, and inclusion programs and what assessments it makes. Nike doesn’t release gender and race ...

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