Facebook shareholders reject proposal for gender pay equity report

Facebook shareholders have once again rejected a proposal for Facebook to prepare a gender pay equity report to assess pay between men and women across race and ethnicity. Shareholders specifically called for Facebook to prepare a report by December 2017 around the company’s policies and goals to reduce the gender pay gap. Shareholders rejected a similar proposal last year.

Facebook, whose board of directors recommended a vote against the proposal, argued that it has already been reviewing compensation fairness to ensure pay equity for years. This past April, for example, Facebook VP of People Lori Goler highlighted Facebook’s internal processes to ensure there is equal pay at the company.

“Given our ongoing compensation practices and diversity efforts, and that we have…

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