Nike, FedEx Shareholders Shoot Down Range-Transparency Proposals

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Nike and FedEx signs.

The shareholders of Nike Inc. and FedEx Corp. have rejected proposals aimed at promoting diversity and making corporate environmental, social and governance reporting more transparent.

Whistle Stop Capital, the San Francisco-based consulting firm behind Nike proposal, had argued that the company needed to shed light on the results of its diversity, equity and inclusion efforts to prove that it was "something more than corporate banter" or "Wake-up washing."

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