Disney investors make ESG activist must-watch TV

March 10, 2022

MELBOURNE, March 10 (Reuters Breakingviews) - If U.S. board directors have not heard of Arjuna Capital, chances are they soon will. The Boston-based investment manager on Wednesday persuaded shareholders owning 59% of Walt Disney (DIS.N) to back its resolution calling for more transparency on racial and gender pay gaps. It’s the firm’s second victory at the ballot box recently: in November, 78% of Microsoft’s (MSFT.O) owners voted in favour of its call for it to address sexual harassment at the company.

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