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Anti-DEI Shareholder Proposals Up in 2024 but Remain Unpopular with Investors

The number of anti-Diversity, Equity, and Inclusion proposals submitted by shareholders increased overall in the 2024 proxy season compared to the 2023 proxy season, according to data provided by Proxy Analytics. However, average support for these proposals remained low.  A summary of the results as of June 10, 2024 follows.

# SubmittedAvg. % For# SubmittedAvg. % For
Racial Equity/Civil Rights Audits (Anti-DEI)

4 (3 voted)


12 (12 voted)


Report on Effectiveness of DEI Efforts (Anti-DEI)

26 (24 voted)


3 (3 voted)


Report on Racism in Company Culture (Anti-DEI)



4 (4 voted)


This article is part of a larger look at diversity shareholder proposals called “The Future of DEI Shareholder Proposals” that was authored by Fenwick’s Wendy Grasso, Merritt Steele, and David A. Bell and published by the Harvard Law School Forum on Corporate Governance.


corporate, corporate governance, esg & sustainability