Disney doesn't give in: its shareholders refuse to abandon the progressive philosophy

Disney's shareholders made their stance clear by overwhelmingly voting against the proposal that sought to cut ties with an LGBTQ rights group. Despite concerns expressed by conservative sectors,the company reaffirmed its commitment to diversity and inclusion policies.

The National Center for Public Policy Research (FEP),a right-wing organization, presented an initiative for Disney to stop participating in the Human Rights Campaign's Corporate Equality Index (HRC). This program rates companies based on their commitment to LGBTQ equality.

According to the FEP, the association with HRC forces Disney to adhere to radical ideological criteria,alienating investors and customers. They argued that  the company should regain neutrality and avoid activism that has caused controversies in the past. However, Disney's board recommended voting against the proposal, and only 1% of shareholders supported it.

Disney reinforces its inclusion agenda

The company has maintained a  "perfect score" on the Corporate Equality Index since 2007and remains steadfast in its progressive principles. In 2023,  Disney publicly celebrated its high score, highlighting its commitment to the LGBTQIA+ community and its workplace equity policies.

The rejection of the conservative proposal adds to other decisions in the same vein. Although in recent months the company reduced some of its diversity, equity, and inclusion (DEI) policies, it continues to support initiatives promoted by HRC and other progressive organizations. Its support for the trans community and its opposition to legislation like the "Don't Say Gay" law in Florida have been examples of its active stance in political and social debates.

Key decisions at the shareholders' meeting

Besides this issue, shareholders rejected other proposals related to climate risks and discrimination in advertising. They also approved the executive compensation package, which included a salary increase for CEO Bob Iger, who will now earn 41.1 million dollars.

Iger used the meeting to officially announce the production of "Coco 2," which is set to premiere in 2029. He also discussed Disney's plans for artificial intelligence, highlighting its collaboration with Nvidia and Google on a new physics engine that will enhance robotics in the company's theme parks.

In summary,  Disney made it clear that it will not yield to conservative positions and will continue with its progressive agenda, regardless of the impact this may have on its customer and investor base.