Summary by Moomoo AI
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