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McDonald’s Investors May Ask Company for First Racial Audit

  • Norges Bank, Florida SBA, Ontario Teachers support proposal
  • Thursday’s vote may set new standard for fast-food industry
An employee hands a beverage to a customer at the drive-thru window of a McDonald's restaurant in Peru, Illinois.
An employee hands a beverage to a customer at the drive-thru window of a McDonald's restaurant in Peru, Illinois.Photographer: Daniel Acker/Bloomberg
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McDonald’s Corp. investors will cast ballots Thursday on whether to support the fast-food giant’s first companywide racial equity audit.

The nonbinding proposal for an independent civil-rights audit, introduced by SOC Investment Group in 2021, would compel McDonald’s to assess if, and how, its business contributes to racial disparities. Such a review would include input from restaurant franchisees, corporate staff, suppliers and customers. The vote has support from some large shareholders and is among a handful of contentious issues on the docket for McDonald’s at its annual meeting.