Investors of Nike Inc. voted against a proposal seeking a more detailed report on pay gaps across race and gender at the footwear and apparel company.
The proposal, filed by Arjuna Capital, sought a report on the median pay gaps across race and gender including reputational, competitive and operational risks related to recruiting and retaining diverse talent. Nike did not provide the percentage of investor support the proposal received in the meeting .
“Actively managing pay equity is associated with improved representation, and diversity is linked to superior stock performance and return on equity,” Arjuna Capital said in its ...
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