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MICROSOFT CORPORATION

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Microsoft shareholders back proposal seeking report on harassment

11/30/2021 | 05:35pm EST
FILE PHOTO: A Microsoft logo is seen in Los Angeles

(Reuters) - Microsoft Corp said on Tuesday its shareholders had approved a proposal by Arjuna Capital, which sought a report from the software firm on the effectiveness of its policies to battle sexual harassment in the workplace.

About 80% of the votes that were cast at the company's annual meeting were in favor of producing such a report, Microsoft said in a filing.

Arjuna Capital is a Boston-based investment adviser and frequent filer of shareholder resolutions pressing companies for changes like disclosing more data on pay equity.

Microsoft already internally shares annual data on the volume of sexual harassment concerns raised and the results of the investigations into them. It has now adopted plans to make that data public.

The vote comes as big mutual fund firms increasingly support investor challenges to companies on environmental, social and governance (ESG) issues and as employees of big tech firms stage walk outs protesting their tackling of sexual harassment claims.

Automaker Tesla Inc last month said that support for a shareholder resolution on how it handles arbitration to resolve workplace complaints of harassment and discrimination rose to 46% of votes cast at its annual meeting, up from 27% for a similar proposal in 2020.

(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Anil D'Silva and Amy Caren Daniel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION 1.77% 310.2 Delayed Quote.-7.77%
TESLA, INC. 1.75% 1049.61 Delayed Quote.-0.68%
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Financials (USD)
Sales 2022 197 B - -
Net income 2022 71 665 M - -
Net cash 2022 86 103 M - -
P/E ratio 2022 32,6x
Yield 2022 0,77%
Capitalization 2 329 B 2 329 B -
EV / Sales 2022 11,4x
EV / Sales 2023 9,90x
Nbr of Employees 181 000
Free-Float -
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Last Close Price 310,20 $
Average target price 375,02 $
Spread / Average Target 20,9%
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Managers and Directors
Satya Nadella Chairman & Chief Executive Officer
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
James Kevin Scott Chief Technology Officer & Executive VP
Matthias Troyer Distinguished Scientist
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