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Microsoft pledges to take action after a strong vote on Arjuna Capital’s proposal on sexual harassment and race and gender pay gap
Microsoft shareholders approved a Shareholder proposal Arjuna Capital, an investment management company, required the company to transparently handle sexual harassment claims through independent investigations and reports. 78% of shareholders voted “yes” to the proposal. Majority votes on independent proposals are rare, and after the results of the voting are announced, in addition to public reports, Microsoft also promised to conduct a third-party independent evaluation of its sexual harassment process.After 40% of shareholders voted to “support” Arjuna, Microsoft also agreed to publish the median pay gap between race and gender Pay gap proposal.
After the allegations of sexual harassment against former CEO, chairman and founder Bill Gates became widely known, Arjuna Capital expressed concerns about potential problems with systemic sexual harassment and related human capital risks (including retention and attraction of talent). Today’s vote emphasized the importance of addressing sexual harassment and racial and gender discrimination. The vote also emphasized the substantive importance of human capital management and governance to institutional investors: ESG (environmental, social,…
The full story can be found on Benzinga.com
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