Berkshire Hathaway shareholders voted on Saturday to reject a proposal that would have required the company to report on potential risks linked to race-based initiatives at its subsidiaries. The resolution, one of seven addressing corporate governance topics including diversity and artificial intelligence, failed to gain majority support.
The proposal called for increased transparency regarding how race-based policies implemented by the company’s various subsidiaries could affect business operations or present potential risks. Shareholders opted not to mandate the additional disclosure, in line with their broader rejection of the other resolutions presented.
The meeting demonstrated continued shareholder trust in the company’s current management approach to addressing social and technological challenges without mandatory disclosures. Berkshire Hathaway, led by Chairman and CEO Warren Buffett, typically advises against resolutions that it deems unnecessary or overly prescriptive for its wide range of independently managed businesses.
Other defeated proposals at the annual meeting also focused on topics such as artificial intelligence, climate change disclosures, and human rights. These results reflect the company’s longstanding emphasis on decentralized decision-making and resistance to shareholder-led mandates across its operations.
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