Shareholders at Bank of America Corp. and Wells Fargo this week voted down proxy proposals asking them to reveal more data on their gender pay gaps. Though activists lost those votes, they say they are gaining ground in the battle for gender pay equity.
Arjuna Capital, an investment firm specializing in sustainable and ethical investing, guided the proposals onto the proxy ballots at the annual meetings of Bank of America on April 24 and Wells Fargo on April 23. The proposals won 26 percent of the vote at Bank of America, and 23 percent at Wells Fargo—up from 15 percent in 2017, when pay equity first appeared on the ballots.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]