Nike Shareholders Reject Pay Equity, Supply Chain Disclosure Proposals

Nike shareholders on Tuesday voted against two resolutions aimed at improving at the company’s disclosures in pay equity and supply chain management. The pay equity proposal, brought forth by shareholders Arjuna Capital and Change Finance, suggested that Nike report unadjusted median pay gaps, which address job opportunity and pay biases facing women and minorities. That disclosure would be in addition to Nike’s current process of reporting statistically adjusted gaps, which analyze pay between minorities and non-minorities and men and women in similar roles. According to the proposal, the UK and Ireland mandate the disclosure of median gender pay gaps. “Median pay gaps show, quite literally, how Nike assigns value to employees through the roles they inhabit and pay they receive,” read the proposal. “Median gap reporting also provides a digestible and comparable data point to determine progress over time.” Nike’s board of directors recommended shareholders to vote against the proposal, arguing that Nike’s current methods of disclosure address the underlying reason for the proposal. Shareholders ultimately rejected it on Tuesday. Nike shareholders also rejected a proposal from Tulipshare Ltd., which requested that the board issue a report regarding the “effectiveness of its existing supply chain management infrastructure in ensuring alignment with Nike’s equity goals and

Follow Footwear News on Twitter or become a fan on Facebook.

from Footwear NewsFootwear News https://ift.tt/derMQ2h