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Costco Board says YES to DEI
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Costco has made headlines by affirming its commitment to Diversity, Equity, and Inclusion (DEI), resisting external political pressures that many corporations face regarding these essential policies. This episode explores the implications of Costco's stance for the retail sector while discussing the challenges other corporations encounter in balancing internal ethics with external demands.
• Costco’s board’s unanimous decision supports DEI initiatives
• The impact of political pressure on corporate DEI policies
• Contrast between Costco’s commitment and Walmart’s rollback
• Importance of DEI in building consumer trust and loyalty
• Leadership responsibility in fostering an inclusive corporate culture
• The necessity for internal DEI teams to counteract external pressures
• Future implications for corporate governance concerning DEI
Kudos to Costco's board of directors for showing exemplary leadership and bravery in standing by their policies.
CONTINUED LEARNING
- Did Costco just reset the narrative around DEI? (Retail Dive)
- What brands can learn from Costco's no-nonsense defense of DEI (Fast Company)
- In Costco’s Defense Of DEI Efforts, Lessons For (Forbes)
- Costco People & Communities (Costco)
Stay With Us
- Watch and Subscribe to The E Word on YouTube.
- Follow Karen on LinkedIn and learn more at Colossal Work.
- Follow Brittany on LinkedIn and learn more at BND Consulting Group.
Chapters
1. Costco Board says YES to DEI (00:00:00)
2. Implications of DEI in Business (00:00:32)
3. Navigating DEI in Organizational Decision-Making (00:12:18)
31 episodes
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