The DEI Pendulum Swings Back —What 2025 Shareholder Proposals Are Telling Us

The DEI Pendulum Swings Back —What 2025 Shareholder Proposals Are Telling Us

1 min read
The DEI Pendulum Swings Back —What 2025 Shareholder Proposals Are Telling Us
Photo by Alessandro Venturi / Unsplash

After years of steady momentum, DEI (Diversity, Equity & Inclusion) efforts are facing a sharp countercurrent. The 2025 proxy season is making one thing clear: the pendulum is swinging back. 🧭⚖️

📉 Anti-DEI proposals have surged, outpacing pro-DEI proposals for the first time. The message? A growing segment of shareholders is challenging the legitimacy, scope, and business justification of corporate DEI initiatives.

But there’s a twist… 🔁

📈 Pro-DEI proposals aren’t gone—they’re evolving. Instead of just pushing for more disclosures or metrics, they’re now demanding explanations when companies retreat from DEI goals. A new form of accountability is taking shape. 🕵️‍♀️💬

Key Takeaways:

🚨 Anti-DEI is now the majority: As of March 5, more anti-DEI proposals were filed than ever before—and they’re gaining media attention, if not shareholder support.

🧊 But they’re not winning: These proposals typically receive <5% shareholder backing. The noise is loud, but the votes don’t match… yet.

🧭 Pro-DEI proposals are getting sharper: Investors are asking why DEI efforts are being pulled back—and how that aligns with company values and risk posture.

🧠 What this means for leaders and legal teams:

• Be ready to explain the “why” behind your DEI stance—whether you’re doubling down or scaling back. 🎯

• Expect scrutiny from both sides—polarization is rising. ☯️

• Your DEI strategy isn’t just internal culture—it’s a governance, disclosure, and reputational risk issue. 🧩

Comment, connect and follow for more commentary on product counseling and emerging technologies. 👇

https://www.fenwick.com/insights/publications/how-dei-shareholder-proposals-are-faring-in-2025?utm_source=newsletter&utm_medium=email&utm_campaign=how-dei-shareholder-proposals-are-faring-in-2025