Summary by Moomoo AI
Inspire Investing, LLC, along with over 100 investors and financial professionals managing over $250 billion in assets, has urged Walmart Inc. shareholders to vote in favor of Proposal 8. This proposal calls for a report on the impact of the company's policies on workforce civil liberties, particularly focusing on Diversity, Equity, and Inclusion (DEI) initiatives. The group argues that DEI programs, which cost U.S. companies around $8 billion annually, have been divisive and counterproductive, citing various sources including a survey by Alliance Defending Freedom, Gallup polling, and a UK government report. They contend that such initiatives may expose companies to legal and financial risks, as supported by a white paper from Bowyer Research. The proposal aims to increase transparency and assess potential risks to Walmart's business from its internal policies.