Gender pay equity emerged as a hot topic in shareholder engagement this year and pressure directed at companies to close their gender pay gaps, which is getting results, continues to build.
Investors filed shareholder proposals with nine leading technology companies for the 2016 proxy season, up from one in 2015, asking them to prepare reports about their policies and goals for closing their gender pay gaps. Seven of the companies—Intel, Apple, Amazon, Expedia, Microsoft, Adobe and eBay—have since released reports, which say their gender pay gap is closed, nearly closed, or will close shortly.
Arjuna Capital, lead filer on all the proposals, plans to also engage with the big banks and some retailers next year.
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