The National Center for Public Policy Research (NCPPR) has submitted a proxy memorandum to The Boeing Company's shareholders, advocating for a vote in favor of Item 7, which is a shareholder proposal requesting a report on the risks associated with the company's Diversity, Equity, and Inclusion (DEI) efforts. The NCPPR challenges the widely accepted notion that demographic diversity in corporate leadership, measured by race, sex, or gender identity, leads to better financial performance. Citing a range of studies, including those by McKinsey & Company and Blackrock, the NCPPR argues that these studies are flawed due to data mining, causation errors, and a lack of robustness. The memorandum highlights that legal liabilities could arise from demographic diversity quotas and that there...Show More

The National Center for Public Policy Research (NCPPR) has submitted a proxy memorandum to The Boeing Company's shareholders, advocating for a vote in favor of Item 7, which is a shareholder proposal requesting a report on the risks associated with the company's Diversity, Equity, and Inclusion (DEI) efforts. The NCPPR challenges the widely accepted notion that demographic diversity in corporate leadership, measured by race, sex, or gender identity, leads to better financial performance. Citing a range of studies, including those by McKinsey & Company and Blackrock, the NCPPR argues that these studies are flawed due to data mining, causation errors, and a lack of robustness. The memorandum highlights that legal liabilities could arise from demographic diversity quotas and that there is little evidence to support the claim that forced diversity improves corporate performance. The NCPPR's submission is voluntary and not a solicitation of authority to vote proxies. The dissemination of this information will be through various channels, including telephone, mail, email, websites, and social media, and the costs are borne by the filers. Shareholders are instructed not to send their proxy cards to the NCPPR but to follow the instructions on their proxy cards to vote.