Colgate-Palmolive Co. told a conservative shareholder group that it intends to defend using race, gender and sexual orientation as criteria for identifying future board members, even as Goldman Sachs Group, American Express Co. and others signal they will drop the practice.
The National Legal and Policy Center, a nonprofit opposed to diversity policies, filed a proposal to bring the matter to a shareholder vote at Colgate’s next annual meeting. The toothpaste maker will ask investors to vote against the proposal, according to a company response that was emailed to the NLPC this week and viewed by Bloomberg News. ...
