Traditional strategies to boost gender equity in the workplace don’t seem to be working.
Unconscious bias training is great, annual diversity reports are illuminating, and the frequent promises to try harder and do better are not unappreciated. But women still make up less than 5% of Fortune 500 CEOs and only 20% or so of Fortune 1000 board positions.
What if there was another way to get companies to address—and measure—their ability to improve representation of women at the top?
Arjuna Capital, an impact-investing firm, says there is, and it’s introducing shareholder resolutions at a dozen big US companies in the hopes of compelling them to use it. It’s the metric of median pay.
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