Nike to Release Recruitment and Promotion Rates of Diverse Employees by 2024

Nike has taken another major step in its ongoing commitments to diversify its talent. The giant has committed to release data pertaining to recruitment and promotion rates of its diverse employees — across gender, race, and ethnicity — by 2024. The news comes almost a year after Nike shareholders voted against a resolution to disclose more details related to diversity, equity and inclusion progress in October. The resolution, which was initially proposed by consultancy Whistle Stop Capital and corporate watchdog and shareholder advocacy group As You Sow, was meant to further illuminate Nike’s promotion and retention rates by race and ethnicity. Nike confirmed but did not comment on the announcement, which was made by As You Sow. The news comes shortly after Nike filed its annual proxy statement on July 21 with the Securities and Exchange Commission. The statement did not specify a resolution regarding diversity practices for shareholders to be voted on during the annual meeting on September 9, 2022. While Nike will now disclose more details related to its corporate diversity, the company had previously argued that such details were unnecessary. Nike releases its own annual Impact Report, which provides percentage data regarding diversity across staff. However, As You Sow argued that

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