💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Microsoft board to review sexual harassment, discrimination policies

Published 01/13/2022, 04:59 PM
Updated 01/13/2022, 06:06 PM
© Reuters. FILE PHOTO: A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson/File Photo/File Photo
MSFT
-

(Reuters) -Microsoft Corp will review the effectiveness of its sexual harassment and gender discrimination policies and practices in response to a shareholder proposal that passed at its latest annual meeting, the company's board said on Thursday.

The review will produce a transparency report with results of any sexual harassment investigations in recent years against the company's directors and senior executives, including allegations that a board committee probe beginning in 2019 involved Bill Gates, the board said.

Data on the number of cases investigated and their resolution is also expected to be part of the review along with steps that have been taken to hold employees, including executives, accountable for sexual harassment or gender discrimination.

Microsoft (NASDAQ:MSFT) said last year it conducted a probe into co-founder Bill Gates' involvement with an employee almost 20 years ago after the company was told in 2019 that he had tried to start a romantic relationship with the person.

Gates stepped down from the Microsoft board in 2020. In previous public comments, a spokesperson for Gates has denied that his departure was linked to the probe.

© Reuters. FILE PHOTO: A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson/File Photo/File Photo

A request for comment sent to Bill Gates at his Gates Foundation email address was not immediately returned.

Microsoft's board said it has hired outside law firm Arent Fox to assist in the review, at the end of which Arent would make public a version of the report detailing its findings and recommendations.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.