Bowyer Research, on behalf of Alliance Defending Freedom, has submitted a proposal urging AT&T Inc. shareholders to vote for a report on respecting workforce civil liberties. The proposal highlights concerns over divisive stances on political issues by large companies, particularly regarding diversity, equity, and inclusion (DEI) initiatives. It argues that DEI programs often label employees as 'oppressed' or 'oppressors' based on immutable characteristics, which can divide the workforce and pose legal risks. Recent Supreme Court decisions have challenged the legality of DEI practices, prompting some companies to retreat from such initiatives. The proposal suggests that companies should promote diversity by respecting individual dignity and unity, avoiding legal and reputational pitfalls. It also points out the financial risks of divisive...Show More

Bowyer Research, on behalf of Alliance Defending Freedom, has submitted a proposal urging AT&T Inc. shareholders to vote for a report on respecting workforce civil liberties. The proposal highlights concerns over divisive stances on political issues by large companies, particularly regarding diversity, equity, and inclusion (DEI) initiatives. It argues that DEI programs often label employees as 'oppressed' or 'oppressors' based on immutable characteristics, which can divide the workforce and pose legal risks. Recent Supreme Court decisions have challenged the legality of DEI practices, prompting some companies to retreat from such initiatives. The proposal suggests that companies should promote diversity by respecting individual dignity and unity, avoiding legal and reputational pitfalls. It also points out the financial risks of divisive workforce policies, as evidenced by companies like Disney and Target, which have suffered financially after engaging in controversial political debates. The report aims to assess and report on potential discrimination against employees based on religious or political views and the associated risks to AT&T. The proposal emphasizes the benefits of viewpoint diversity and the potential for ideologically diverse boards to contribute to superior firm performance. The submission concludes by urging shareholders to vote for the report in AT&T's 2024 Proxy to ensure risks are assessed and transparency is increased regarding the company's DEI practices.