New York City public pension funds have sued AT&T for refusing to allow shareholders to vote on a proposal requiring the company to disclose its workforce breakdown by race, ethnicity, and gender. The funds argue that AT&T’s exclusion of the proposal, citing a recent SEC policy change, causes irreparable injury. AT&T previously disclosed this information between 2021 and 2023 but stopped in 2024 without explanation.
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AT&T sued by New York City pension funds for excluding diversity proposal
New York City public pension funds have sued AT&T for refusing to allow shareholders to vote on a proposal requiring the company to disclose its workforce breakdown by race, ethnicity, and gender. The funds argue that AT&T’s exclusion of the proposal, citing a recent SEC policy change, causes irreparable injury. AT&T previously disclosed this information between 2021 and 2023 but stopped in 2024 without explanation.