Nike shareholders oppose transparency plan
A shareholder proposal opposing Nike’s political activism was rejected at its annual meeting, with the company emphasizing its existing risk assessments and reporting practices. Inspire Investing, representing conservative investors, raised concerns over Nike’s diversity policies and charitable partnerships, questioning the disclosure of benefits related to transgender health care and the legal risks of its alliances. The proposal received less than 1% of votes, and Nike’s market value has declined amid broader challenges, including competitor pressures and market shifts. The investor criticized Nike for alienating customers through political stances and urged the company to refocus on core products and innovation rather than activism.
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