On the same proposal before Wells Fargo, State Street voted no. A share of its revenues go towards charities that “empower girls to become future business leaders”, State Street says. But shareholder resolutions have become a powerful way to compel companies to reveal more about gender equality among their employees. “They cast a vote, they have to stand by it, one way or the other.”Occasionally, a gender equality measure nearly passes. That was the case with a 2016 proposal for eBay to disclose its goals and methods for reducing the gender pay gap.

Source: The Guardian October 06, 2017 22:07 UTC