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SEC Petitioned for Gender-Based Pay Ratio Disclosures

Joe Mont | February 8, 2016

Pax Ellevate Management, investment adviser to the Pax Ellevate Global Women's Index Fund, has filed a rulemaking petition with the Securities and Exchange Commission seeking a requirement that companies disclose gender pay ratios on an annual basis. In the alternative, the SEC is urged to provide guidance to companies regarding voluntary reporting of pay equity ratios to their investors.

“We believe that pay equity is a useful and material indicator of well managed, well-governed companies, and conversely, that companies exhibiting significant gender pay disparities may bear disproportionate risk, and that investors therefore may benefit from having such information,” the firm wrote, describing gender pay inequality as a material risk to investors.

Among the risks for company and investor alike are gender discrimination lawsuits. Although usually settled out of court, many of these lawsuits,...

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