We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Nike Shareholders Race Towards Diversity Data
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Nike Shareholders Race Towards Diversity Data
The Tycoon Herald > Business > Nike Shareholders Race Towards Diversity Data
BusinessMoney

Nike Shareholders Race Towards Diversity Data

Tycoon Herald
By Tycoon Herald 5 Min Read
Share
SHARE

SAN FRANCISCO, CALIFORNIA – SEPTEMBER 12, 2018: A billboard featuring a portrait of American NFL … [+] football player Colin Kaepernick mounted on top of a building in Union Square in San Francisco, California. In September 2018, Nike included Kaepernick in its 30th anniversary ad campaing with its ‘Just Do It’ slogan. (Photo by Robert Alexander/Getty Images)

Getty Images

Nike NKE shareholders will vote on a proposal requesting disclosure around the company’s work to promote diversity and inclusion, a move that’s seen as long overdue. They will decide whether or not the company needs to release data on pay and hiring by race and gender. Currently, the sports footwear and apparel giant does not release its EEO1 form, which is the best practice for sharing workforce composition. This is in stark contrast to 71% of S&P 100 companies, as Nike continues to reckon with systemic internal racial inequity, while attempting to shape a better society.

The Breakdown You Need to Know: The company has around 75,400 employees and  earned $44.5 billion in the fiscal year ending May 31, up 19% from the previous year. Studies have pointed to the corporate benefits of a diverse workforce, including companies with the strongest racial and ethnic diversity are 35% more likely to have financial returns above industry median. Additionally, a Wall Street Journal study of the S&P 500 found that the most diverse companies had an average annual five year stock return 5.8% higher than the least-diverse companies. CultureBanx noted that perhaps this is why investors are seeking quantitative, comparable data to understand the effectiveness of diversity, equity, and inclusion programs within the organization.

In August, the SEC rejected the company’s request to skip the vote because it excluded a proposal filed on behalf of As You Sow, an activist group, intended to address annual reporting assessing Nike’s diversity and inclusion efforts. Specifically, including goals, metrics and trends related to the promotion, recruitment and retention of protected classes of employees. For Nike, it argued in its request for no-action relief that its existing public disclosures already discuss the process for assessing its DE&I program related to workforce diversity. Clearly, the SEC did not agree

Sprinting Past Allegations: Nike has faced damaging allegations of harassment and discrimination on the basis of gender, race, and gender identity. However, the company’s most recent impact report seeks to address some of these concerns by including DEI targets that the Company will seek to achieve by 2025. Some of those targets include; having U.S. racial and ethnical minorities make up 30% of the Company’s employees at the director level and above, increasing the Company’s pipeline of Black and Latinx talent at the director level and above; and  having U.S racial and ethnic minorities make up 35% of the U.S. corporate workforce.

Earlier this year, Nike laid out a five-year roadmap to creating a more diverse and inclusive workforce. One of the major changes was that the company tied its executive compensation to the company making progress in deepening diversity and inclusion throughout its workforce. We have still yet to see exactly how this will shake out.

MORE FOR YOU

Nike is also investing $10 million in HBCUs and Hispanic serving institutions through scholarships and academic partnerships to build out a pipeline to increase the number of Black and Latinx interns who can transition into direct hires.

What’s Next: By 2025, Nike is pledging to maintain 100% pay equity across all employee levels, on an annualized basis. The company’s shareholders will vote on the resolution to release racial and ethnic demographic data on Oct. 6.

You Might Also Like

Joseph Safina’s Driven Becomes Amazon Bestseller, Blending High Finance with High Speeds

How To Make A Funds: 12 Simple Methods To Do It (The Full Information) – Dollarsanity

10 Outdated-Normal Cleansing Suggestions from Grandma – Dollarsanity

Fashion Designer Hyeonseo Irene Park: Redefining Menswear Through Originality and Collaboration

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

TAGGED:Real EstateThe Forbes Journal
Share This Article
Facebook Twitter Email Copy Link Print
Vietnam received an early commerce take care of Donald Trump. Was it price it?
Economy

Vietnam received an early commerce take care of Donald Trump. Was it price it?

For Thanh Cong Garment, a Vietnamese provider to attire corporations together with Adidas, Calvin Klein and Columbia, a commerce deal to keep away from the worst of US President Donald…

By Tycoon Herald 8 Min Read
Baltic Sea Darts Open 2025: Rob Cross dumped out, Luke Humphries survives scare
July 13, 2025
Klay Thompson Appears to Launch Megan Thee Stallion Relationship on Instagram
July 13, 2025
Argentina 17-22 England: Jack van Poortvliet late attempt clinches sequence win
July 12, 2025
Guess Who This Former Man of Metal Is!
July 12, 2025

You Might Also Like

Wedding ceremony On A Funds: Get K-Like Wedding ceremony For K or Much less – Dollarsanity
Money

Wedding ceremony On A Funds: Get $30K-Like Wedding ceremony For $5K or Much less – Dollarsanity

By Tycoon Herald 19 Min Read
Astana International Forum 2025: “Connecting Minds, Shaping the Future”
BusinessTrending

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

By Tycoon Herald 3 Min Read
80 Issues I Stopped Shopping for to Save Money Quick and Pay Off Debt – Dollarsanity
Money

80 Issues I Stopped Shopping for to Save Money Quick and Pay Off Debt – Dollarsanity

By Tycoon Herald 38 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Business

Why The New Wave Of Covid-19 Is Especially Detrimental To Retail Landlords

NEW YORK, NY - NOVEMBER 27: Shoppers wearing protective masks are seen at Hudson Yards on…

By Tycoon Herald
Leadership

How To Get The Most Out Of A Virtual Networking Event

getty Virtual networking events are a great way to expand your professional network. The advantage of…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?