Several major U.S. companies have modified their internal diversity policies that aim to increase racial and ethnic representation after conservative groups threatened to file lawsuits, according to a Reuters review of corporate statements.

At least six major U.S. companies, including JPMorgan Chase, revised their diversity policies after they were among the 25 firms that received public shareholder letters since 2021 that said their diversity, equity and inclusion (DEI) programs constitute illegal discrimination and breach the directors’ duties to investors. READ MORE