By Natasha Lamb, October 8, 2019
Most large banks are scared to share companywide wage data with investors, especially if it reveals the true extent of global gender pay inequity.
Bankers worry that double-digit pay gaps will drive negative headlines, opening a Pandora’s box to shareholder measures that seek to level the playing field for women, particularly at the upper echelons.
But the risk of inaction is far greater than the risk of sitting still.
For one, investors expect an honest accounting of the problem. That is, how money flows according to gender and race within companies, and how that inequity impacts diversity goals. Investors are voting their shares to make that intention known.
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