During Nike's recent annual meeting, shareholders rejected a proposal from Arjuna Capital that called for increased transparency in pay equity data for female and minority employees. This proposal did not receive the required majority vote to pass. Nike has faced growing pressure for supply chain transparency, including calls to compensate workers in Cambodia and Thailand for COVID-19-related wage losses. Nike stated it hasn't sourced products from the Cambodian factory since 2006 and found no evidence of owed wages to Thai workers.
Cancel culture may play a crucial role in the future value of the shares as it already happened to a few Fortune 500 gains.
Cancel culture may play a crucial role in the future value of the shares as it already happened to a few Fortune 500 gains.