McDonald's To Deploy Third Party Firm To Evaluate Diversity Initiatives: WSJ

McDonald's Corp MCD is planning to deploy a third party to evaluate its effort on diversity, equity, and inclusion, the Wall Street Journal reported.
In a Securities and Exchange Commission (SEC) filing, the company said about 274 million shares of the company's common stock were voted in favor of the third-party civil rights audit at the shareholders' meeting held recently. About 217 million shares were voted against the proposal, and 5.6 million shares were abstained from voting.
A group of Black franchisees has demanded that the company should aid its minority franchisees who face discrimination in pay on the basis of gender and color.
"While we are proud of our progress, our efforts are ongoing, and we will continue to focus on actions that have meaningful impact," the report cited the company.
Price Action: MCD shares closed higher by 0.49% at $250.50 on Thursday.
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