fbpx

Stay Informed. Stay Competitive. Get Free Email Updates Dow 30 & Emerging Growth

Stay Informed. Stay Competitive.

Get Free Updates

Dow 30 & Emerging Growth

Microsoft To Review Sexual-Harassment Policies – Proposal Introduced By Activist Arjuna Capital

By John F. Heerdink, Jr.

As per reports, Microsoft (MSFT) shareholders have urged the software maker to reassess its approach to sexual harassment in a vote at the company’s annual meeting, following reports that co-founder Bill Gates behaved inappropriately toward female employees years ago. The proposal, introduced by activist investor Arjuna Capital, was opposed by Microsoft. A separate measure asking the company to disclose median pay gaps across race and gender didn’t pass.

Investors passed a nonbinding resolution, at the annual meeting seeking a report on the effectiveness of sexual-harassment policies. In response to the vote, Microsoft President and Chief Legal Officer Brad Smith informed that the company will take new steps to provide more information about sexual-harassment investigations to shareholders. In the most recent fiscal year, ended June 30, Microsoft had 51 complaints and 47% were substantiated. The numbers are smaller than the year earlier, probably because people were working from home, informed Smith. He further informed that the company will bring in a third party to do an independent assessment of how well it investigates these kinds of claims.

Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

Stay Informed! Stay Competitive! Please join us at Vista Partners, and receive our FREE email updates throughout the week and view our exclusive content and research.


(Read Original Story: Microsoft Investors Urge Company to Reassess Sexual-Harassment Policies in Bloomberg)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us