Closing diversity gaps involves no mystery jennifersaba
Diversity is on the corporate agenda but many in the capital markets have been slow to react, according to a report from New Financial released on May 20. The research studied 100 global asset firms with more than $8 trillion under management.
Kamala Harris, U.S. senator and Democratic presidential candidate, proposed on May 20 a plan to close the gender pay gap. Under her proposal, companies that employ more than 100 people would have to give their pay data to the U.S. Equal Employment Opportunity Commission and pay certain penalties if they fail to meet pay gap criteria.
A shareholder proposal that JPMorgan report annually on its global gender pay gap was voted down at the bank’s annual shareholder meeting on May 21 receiving only 28% support, according to preliminary tallies.
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