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M.S. Investigative Journalism, Columbia Journalism School

JetBlue Airways Corp., Molson Coors Beverage Co., and Leidos Holdings, Inc. are part of a growing group of companies listing DEI as a “risk factor” in their securities filings, citing a potential business impact from taking too much or too little action on diversity. The flurry of securities filings noting potential legal and reputation risks stemming from diversity, equity and inclusion efforts follows the US Supreme Court’s June decision curtailing affirmative action in college admissions, as well as political backlash from conservative groups that say corporate DEI programs discriminate against White and male workers. While some companies have scaled back or reshaped their DEI efforts, businesses overall are telling shareholders diversity is still a priority. Companies that list diversity efforts as a risk factor in their 10-Ks also point to DEI in the filings as pivotal to the success of their business. Clara Hudson and I spoke to attorneys and experts about what this means for the future of corporate DEI. Read more here:

Firms From KKR to Coors Flag DEI as Business, Legal Risk (1)

Firms From KKR to Coors Flag DEI as Business, Legal Risk (1)

news.bloomberglaw.com

Reed D. Rubinstein

Senior Vice President, America First Legal Foundation

5mo

Excellent and important article.

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