Microsoft Corp. shareholders voted on Tuesday to force the company to more transparently address sexual harassment claims via independent investigations and public reporting.
Despite Microsoft urging investors to reject the proposal, shareholders voted to demand an annual report summarizing sexual harassment cases, investigations and resolutions.
Under the proposal, Microsoft would have to prepare and release a report"assessing the effectiveness of the company’s workplace sexual harassment policies, including the results of any comprehensive independent audit/investigations, analysis of policies and practices, and commitments to create a safe, inclusive work environment," according to a statement released by the investment firm.
"A majority of Microsoft’s investors are now calling on the company to shine a bright light on sexual harassment. The fact that executives responded so quickly following the vote is a sea change from how Microsoft has dealt with this issue in the past," Natasha Lamb, managing partner at Arjuna Capital, said in a statement.
"There are new steps that we are going to take that we were thinking about, and I think that the resolution and the dialogue we’ve had has helped us advance our decision-making," Smith added."So for one, we will take new steps to be more transparent as a company. We have been sharing more data internally. We recognize that there are shareholder interest, and so we’ll share more data externally as well. You’ll see us publish more reports, just to reflect where this is going.
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