Disney Fights Shareholder Push for Transparency on Race, Gender Pay Disparities | Corporate Counsel – Law.com – DC Initiative on Racial Equity
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What You Need to Know

  • A shareholder proposal would require Disney to lift the veil on gender and race pay disparities among the company’s employees.
  • Disney opposes the proposal and argues that the company’s existing pay practices and diversity efforts are sufficient.
  • Nike, FedEx and Procter & Gamble recently quashed shareholder proposals aimed at bolstering diversity and transparency.

The Walt Disney Co. is opposing a shareholder proposal that would require the media and entertainment giant to publish reports detailing race and gender pay gaps affecting the company’s nearly 200,000 employees.

The proposal notes that Disney has faced more than 25,000 allegations of “rampant gender pay discrimination and pay secrecy from current and former employees in the last few years, culminating in a class-action lawsuit.”

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