Firm behind 'Fearless Girl' nixed pay-equality resolutions, says report

Firm behind 'Fearless Girl' nixed pay-equality resolutions, says report

5 years ago
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https://www.cnet.com/news/firm-behind-fearless-girl-nixed-pay-equality-resolutions-says-report/

The bronze Fearless Girl statue, created by Kristen Visbal and installed in 2017, stood defiantly in front of the Charging Bull in Manhattan's Financial District. It became a tourist attraction and was seen by some as a symbol for women in leadership. It was moved in December to the New York Stock Exchange.

Morningstar's report found that State Street's Gender Diversity fund, known as SHE, didn't have a voting record in line with its stated goals of "closing the gender gap" by "strengthening gender diversity and inclusion practices across corporate America." SHE voted no or abstained on eight of the 10 gender diversity-related shareholder resolutions in a four year period, according to Morningstar.