Nike Shareholders Reject DEI Transparency Proposal With Less Than 1% Support

2 articles · Updated · Fox News · Sep 10

Less than 1% of votes cast backed Nike Proposal 5, an Inspire Investing measure seeking a report on the risks and costs tied to Nike’s charitable support and broader DEI relationships.
Nike’s board urged shareholders to vote no, saying its existing disclosures and due-diligence process already assess legal, reputational and competitive risks and that another report would add little value.
Inspire tied its concerns to Nike’s verified 100 score on the Human Rights Campaign’s 2026 Corporate Equality Index, arguing the rating raises unresolved questions about transgender-related health benefits for minors.
The vote lands as Nike faces wider pressure: it is set to leave the S&P 100 on Sept. 21, its market value is down more than $200 billion from its 2021 peak, and Greater China revenue fell 13% in fiscal 2026.
Inspire said the defeat was still useful for surfacing concerns among conservative investors, who it argues can press companies through shareholder votes and retirement-plan fund choices.