Amex shifts away from diversity-linked executive pay amid rising scrutiny

American Express has confirmed it stopped tying executive compensation to diversity goals in early 2024, urging shareholders to reject two controversial proposals challenging its DEI and advertising practices. The company argues these measures are unnecessary, stating its pay strategy now focuses purely on long-term business performance and shareholder value.

This signals a broader corporate shift as legal and political pressure mounts on DEI initiatives, particularly in the U.S. Financial leaders should take note—boards may soon need to defend or redefine their stance on sustainability and inclusion, not just internally, but in the public arena.

Read the full article for insights into how this could impact your organisation’s ESG strategy.