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Shareholders grill boards on sexual harassment, pay disparity, ESG

Livemint

Livemint · 1y ago

Shareholders grill boards on sexual harassment, pay disparity, ESG

Indian shareholders are increasingly questioning top management about issues such as sexual harassment cases, pay parity, and gender diversity. This shift in focus indicates a changing mindset and a demand for progress on gender-related issues. Investors are now interested in factors like compensation of CEOs and companies' efforts to improve their environmental, social, and governance (ESG) performance. Shareholders are also calling for more data transparency from companies. Gender diversity has become a top priority for senior management, with many leaders receiving training on handling harassment cases.

Related News

Female unicorn founders earn 8X less than male counterparts: Report

YourStory

YourStory · 1y ago

Female unicorn founders earn 8X less than male counterparts: Report

According to a report by PrivateCircle Research, there is a significant gender pay gap among unicorn startup founders in India. On average, female founders earn around Rs 1.1 crore, while male founders take home about Rs 8.5 crore. This pay disparity reflects the lack of women in leadership positions in unicorn companies, with 57 Indian unicorns having no women on their boards. However, the overall median salary for unicorn founders has been increasing, reaching Rs 1.5 crore in FY23 compared to Rs 1.2 crore in FY22.

SpaceX probed by California over sex bias, retaliation claims

Reuters · 1y ago

SpaceX probed by California over sex bias, retaliation claims

SpaceX is under investigation by the California Civil Rights Department over allegations of discrimination and sexual harassment. The investigation was initiated after a group of engineers filed complaints claiming they were fired for criticizing SpaceX and CEO Elon Musk. The engineers accused SpaceX of favoring men over women for jobs and promotions, unequal pay, tolerating harassment, and retaliation against complainants. SpaceX has until the end of the month to respond to the allegations. This is not the first time companies led by Musk have faced labor law violations.

Ministry of Women and Child Development launches portal to promote women's safety at workplaces

YourStory

YourStory · 12m ago

Ministry of Women and Child Development launches portal to promote women's safety at workplaces

The Ministry of Women and Child Development has launched She-Box, a centralised portal for registering and monitoring complaints of sexual harassment in the workplace. The portal aims to create a safer and more inclusive working environment for women in India. It will serve as a repository of information related to internal and local committees formed across the country. Women can file complaints, track their status, and ensure timely handling of complaints on the platform. With the Sexual Harassment of Women at Workplace Act in place, this initiative will help in managing and addressing these complaints.

Dhruv intended forced sexual relationship: Zilingo's Ankiti in FIR against Co-founder

Money Control

Money Control · 1y ago

Dhruv intended forced sexual relationship: Zilingo's Ankiti in FIR against Co-founder

Fashion startup Zilingo's Co-founder Ankiti Bose has accused Co-founder Dhruv Kapoor of sexual harassment. "During a private meeting, Dhruv overstepped boundaries by persisting with an intention of initiating a non-consensual and unprofessional sexual relationship," she alleged in her FIR. She also named ex-COO Aadi Vaidya in the FIR and accused the duo of sending her sexually explicit messages.

SpaceX allegedly fostered serial sexual abuse, according to this lawsuit

The Verge

The Verge · 1y ago

SpaceX allegedly fostered serial sexual abuse, according to this lawsuit

A SpaceX employee has filed a lawsuit against the company, alleging seven years of sexual abuse, discrimination, and harassment. Michelle Dopak claims that her direct supervisor was involved in sexual coercion, with SpaceX's president and vice president allegedly ignoring her pleas for action. The complaint also describes the company's attempt to force arbitration, which goes against federal law. Dopak remains employed at SpaceX but faces unfair treatment and violation of her medical accommodation needs. SpaceX has yet to comment on the allegations.

How Citigroup's NY unit became a picture of harassment, discrimination & drugs

Livemint

Livemint · 1y ago

How Citigroup's NY unit became a picture of harassment, discrimination & drugs

Citigroup's equities division in New York has been accused of persistent harassment and discrimination against female employees. Interviews with current and former employees reveal a culture of open sexism, including rating female colleagues based on their looks and discussing sexual conquests. Complaints to senior executives and HR were allegedly ignored, leading some employees to leave. The allegations are similar to those made in a lawsuit filed last year by a managing director. Citigroup has stated that it does not tolerate discrimination or harassment and will take appropriate action if substantiated.

Shadowfax Raises $100 Million In Its Series E Funding Round

OutlookIndia

OutlookIndia · 1y ago

Shadowfax Raises $100 Million In Its Series E Funding Round

Singapore-based ESG platform Xcelerate has raised $25m in equity funding. The company, which owns compliance services provider Aparajitha, offers tech-enabled, scalable compliance solutions in regulated industries. The funding, led by Federated Hermes Private Equity, will be used for strategic acquisitions and investment in operations, team and technology. Xcelerate plans to expand into new segments in the governance, risk and compliance (GRC) and ESG sectors. The company's existing shareholders, including Altair Capital and Exacta Capital Partners, also participated in the funding round.

Tech services are failing to take nudify AI tools offline.

The Verge

The Verge · 1m ago

Tech services are failing to take nudify AI tools offline.

A report reveals that tech services like Amazon, Cloudflare, and Google are inadvertently supporting AI tools used for generating explicit content, known as "nudify" tools, by providing hosting, content delivery, and sign-on systems to websites employing these controversial applications. Despite their significant financial gains, these services are criticized for not cutting off support, given the AI tools' primary use in facilitating sexual harassment. Experts urge these companies to cease service provision to such sites.

He tried to force himself on me, touched me inappropriately: InMobi male intern on manager

Latestly

Latestly · 1y ago

He tried to force himself on me, touched me inappropriately: InMobi male intern on manager

An intern at mobile networking platform InMobi has accused a product manager of sexual harassment and claims that there was no action taken by HR or management when the incident was reported. The intern posted about their experience on social media platform X. The Bengaluru police have responded to the allegation and asked for further details. The victim narrated their ordeal, stating that the product manager had tried to force himself upon them and touched them inappropriately.

Ex-Activision CEO Bobby Kotick pitched buying TikTok to potential partners, including Sam Altman: report

Business Insider

Business Insider · 1y ago

Ex-Activision CEO Bobby Kotick pitched buying TikTok to potential partners, including Sam Altman: report

Former CEO of Activision, Bobby Kotick, has expressed interest in buying TikTok if a bill requiring the app to be sold to a US-based owner or shut down is passed. Kotick is reportedly seeking partners for the potential deal, including OpenAI. The proposed legislation gained unanimous approval from the House Energy and Commerce Committee and is set for a House vote, with President Joe Biden indicating his support. However, TikTok sees the bill as an effective ban and believes selling to a US entity would be impractical. Kotick previously faced controversy during his tenure at Activision over allegations of sexual harassment and intervention in harassment cases.

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