Nike Inc. and FedEx Corp. shareholders have rejected proposals aimed at promoting diversity and bringing more transparency to the companies’ environmental, social and governance reporting. 

Whistle Stop Capital, the San Francisco-based consultancy firm behind the Nike proposal, had argued that the company needed to shine a light on the outcomes of the company’s diversity, equity and inclusion efforts to prove that it was “something more than corporate puffery” or “woke-washing.”

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