Berkshire Hathaway Shareholders Reject Diversity and AI Risk Proposals Amid Buffett Succession Announcement

Berkshire Hathaway shareholders rejected seven proposals at their annual meeting, including those requiring reports on risks from race-based initiatives and the impact of business practices on employees based on various characteristics. Other defeated proposals concerned diversity and inclusion oversight, independent oversight of AI risks, and reporting on voluntary environmental activities. These votes occurred after Warren Buffett announced his plan to step down as CEO at year-end, to be succeeded by Greg Abel. Buffett and Berkshire's board opposed all the proposals, citing their decentralized structure and existing legal compliance. The rejections come amid a broader trend of corporations curbing DEI initiatives. Click here to read more on Reuters.com