Microsoft shareholders rebuff proposal on gender income gap: no improvement

Recently, fist game has just settled the workplace sex discrimination lawsuit, here Microsoft also received a gender difference in the workplace proposal. Microsoft shareholders have rejected two proposals to investigate the company, one on the gender pay gap and the other on employee representation at the board level. Ahead of Microsoft’s most recent shareholder meeting, investment firm Azona Capital proposed to produce a report on Microsoft’s gender pay gap, including in particular “the percentage of the median pay gap between men and women of different races and ethnicities around the world, including basic pay, bonuses and fair pay.” “

Microsoft shareholders rebuff proposal on gender income gap: no improvement

Microsoft explained the proposal on its investor relations website: “Microsoft reports that women are paid 99.7 percent of what men are paid on a statistically adjusted equal pay basis for equal pay for equal work. However, only statistically adjusted figures fail to take into account how discrimination affects job opportunities. In contrast, the median disclosure of the pay gap reveals structural biases that affect women in work, especially when men are in the highest-paid jobs. Women make up nearly 28 percent of Microsoft employees, but only 22 percent of the leadership. “

But in a response statement, Microsoft’s board recommended that shareholders vote against the proposal, saying the disclosure and procedural recommendations do not adequately measure the reality of gender pay equality in companies. The report also details its efforts to achieve diversity and pay equity, noting that it will further increase transparency while taking into account racial and ethnic pay across multiple corporate roles.

“Our single median pay gap measure does not help improve our compensation approach or provide the details that managers and leaders need to make hiring, promotion and retention decisions that will encourage women to represent in management and leadership positions,” the response said. We believe that the metrics we use promote both equal pay for equal work and meaningful recruitment and promotion of different types of employees at all levels of our global workforce, including executive and senior positions. “

But accepting the proposal would require the support of a majority of shareholders, with less than 30 per cent voting in favour.

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