By Bonnie Chiu, June 20, 2021
A shareholder resolution published on June 16 urged Microsoft to release an annual transparency report, detailing its sexual harassment policies and investigations into alleged incidents across the company, following misconduct allegations against its founder Bill Gates. Shareholder activism, which has gained some big successes against oil companies recently, is also increasingly used by investors to drive gender equality.
The Microsoft shareholder resolution was introduced by impact investment firm, Arjuna Capital, which has a track record in engaging with companies including Citigroup in gender pay equity shareholder resolutions. 2021 has also seen a growth in shareholder activism in relation to pay transparency and reporting of diversity and inclusion data.
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