Overview

• Disney shareholders overwhelmingly voted against a proposal to withdraw from the Human Rights Campaign’s Corporate Equality Index, with only 1% in favor.
• The proposal, submitted by the National Center for Public Policy Research, criticized Disney’s alignment with LGBTQ+ advocacy and called for political neutrality.
• Disney’s board recommended rejecting the proposal, stating it would not add value to shareholders and emphasizing its existing oversight of equity and human rights policies.
• While reaffirming its commitment to LGBTQ+ workplace equality, Disney has recently scaled back some DEI initiatives, including ending its 'Reimagine Tomorrow' program.
• Other politically charged proposals, including those on climate change risks and advertising policies, were also rejected during Disney’s annual shareholder meeting.