Overview

• Disney shareholders voted down a conservative-backed proposal to withdraw from the Human Rights Campaign's Corporate Equality Index, with only 1% in favor.
• The proposal, introduced by the National Center for Public Policy Research, argued that participation in the index harmed shareholder value by alienating customers and investors.
• Disney's board opposed the measure, stating that the company's existing oversight of equity and human rights policies made the proposal unnecessary.
• Disney has maintained a perfect score on the Corporate Equality Index since 2007, a benchmark for LGBTQ+ workplace equality.
• The vote comes as other corporations, such as Ford and Lowe's, have withdrawn from the index under increasing political scrutiny and pressure.