Semler Brossy's "Board Oversight of Gender Pay Equity" explains the differences between "gender pay equity" and "gender pay gap"; summarizes the relevant (US) regulatory landscape; and crystallizes why these issues are increasingly important for companies seeking to remain competitive or gain a competitive edge relative to their peers. The instructive memo provides guidance to management and boards on the multiple relevant considerations (e.g., policies & processes, data gathering and benchmarking, reporting to the board) to effectively tackling gender pay equity at a company-specific level. Acknowledging investors' heightened scrutiny on this issue, the firm also suggests an investor engagement strategy designed to effectively convey the company's commitment to pay equity and its efforts undertaken and/or planned to bridge identified gaps.
See these prior reports: "Gender Pay Gap vs. Gender Pay Equity: What's the Difference?", "Median Gender Pay Gap Proposals Gain Traction," "SEC Denies Global Median Gender Pay Gap Proposal No-Action Requests," and "Arjuna Announces Median Gender Pay Gap Proposal Campaign Targets," and additional resources on our Executive/Employee Pay page under Gender & Other Pay Gap/Parity. This post first appeared in the weekly Society Alert!