Ford’s shareholders are to reportedly consider changing the company’s equal employment policy language to exclude any mention of sexual orientation. The move is expected after the U.S. Securities and Exchange Commission (SEC) rejected the automaker’s bid to keep the matter from its proxy statement. As of right now, the Blue Oval’s policy includes clauses that specifically outline the company’s pledge not to discriminate based upon sexual orientation, but a request by shareholder Robert Hurley has submitted the proposal for consideration.
Ford has apparently been petitioning the government agency to exclude the issue, arguing that its inclusion will hurt the automaker’s chances of wooing potential employees at certain universities (that require sexual orientation to be included in recruiting companies’ policies), also fearing that backlash stemming from such a changeover could hurt sales to GLBT supporters.
The proxy statement goes out this Friday, at which point shareholders will vote on the issue. The result is expected to be made public on May 11 at Ford’s annual meeting.
[Source: Associated Press via Detroit News]
Sign in to post
Please sign in to leave a comment.
Continue