Microsoft to review Bill Gates inquiry, sexual harassment policies

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San Francisco, Jan 14 | Microsoft’s board of directors has hired a reputed law firm to review the effectiveness of the company’s sexual harassment and gender discrimination policies and practices, including the inquiry against Bill Gates.

The report by law firm Arent Fox will summarise the results of any sexual harassment investigations against members of the Board of Directors and the company’s senior leadership team, including the allegations that a Board committee investigated beginning in 2019 involving Microsoft co-founder and billionaire philanthropist Gates.

“We’re committed not just to reviewing the report but learning from the assessment so we can continue to improve the experiences of our employees. I embrace this comprehensive review as an opportunity to continue to get better,” said Satya Nadella, Microsoft’s Chairman and CEO.

At the conclusion of the review, the Board will publish a thorough transparency report for employees, shareholders and the public, expected to be in the spring of this year.

The review will include concerns raised by employees in 2019 in the “In Need of Assistance” email thread, steps the company has taken to respond to these concerns, and additional steps that could further strengthen these safeguards.

The email thread followed a class-action lawsuit filed in March 2018 alleging there were 238 cases of sexual harassment and/or discrimination encountered by Microsoft female employees between 2010 and 2016.

The review will also include an analysis of policies, practices and commitments to create a safe, inclusive work environment.

“It will assess the steps that have been taken to hold employees, including executives, accountable for sexual harassment or gender discrimination. The report will include data on the number of sexual harassment cases investigated and their resolution,” Microsoft said.

Microsoft shareholder and activist Arjuna Capital had sought a report from Microsoft on the effectiveness of its policies to battle sexual harassment in the workplace.

After Gates announced to divorce his wife Melinda French Gates, media reports surfaced about alleged inappropriate conduct by him towards Microsoft employees.

Microsoft received a complaint in 2019, while Gates served on its board.

Source: IANS

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Share Market Closing Bell: Sensex drops 643 pts and Nifty50 gives up 16,250 as market fails in last 30 minutes

Share Market Closing Bell: Sensex drops 643 pts and Nifty50 gives up 16,250 as market fails in last 30 minutes

The benchmark index opened flat on Monday and decent buying was observed across the sectors in the first half but in the second session sellers dominated and wiped out all intraday gain.

However, the Metal sector witnessed the worst fall in this year. Nifty ended at 16214.70 losing 51 points or 0.32 percent. While Banknifty closes at 34247.60 with a loss of 28.8 points. Among sectors Nifty AUTO and Nifty IT gained 1.84 & 1 percent respectively. While Nifty Metal sheds the most with 8.14 percent followed by Nifty commodity and Nifty PSE 2 % each.

Global market lacked any clear direction, showing a tendency to move sideways. In Nifty Stocks like M&M, MARUTI and HINDUNILVR were the top gainers while JSWSTEEL, TATASTEEL and DIVISLAB were the prime laggards. INDIA VIX settled at 23.40 indicates volatility can drive either side till monthly expiry.

Investors awaited the last leg of financial results for a clear trend as well. Technically, Nifty has formed a bearish candlestick on the daily timeframe. Bulls remain in trap as from the past week no continuous day, index is closed in green. From the hourly chart, Nifty has formed a triple top pattern suggesting weakness amid coming days, however view negated closing and sustaining above 16400 levels. Indicators such as RSI still remained in the oversold zone while MACD also suggests weakness ahead.

Till now or in the month of May FII have sold almost 44,102 crore while DII have bought 36,208 crore. The Nifty may find support around 16000 levels followed by 15850 while on the upside 16500 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33500 , while resistance is placed at 35200 levels.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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