Gender equality

How Wall Street is pushing for more women

Source: ISS Analytics; Note: 2019 is year-to-date figure; Chart: Axios Visuals

Louder calls from big investors and other Wall Street heavyweights have helped push the percentage of women joining boards to a record high. For instance, proxy advisers — who wield a lot of influence in how shareholders vote on issues — say they plan to take board diversity more seriously.

Driving the news: Last week, Institutional Shareholder Services (ISS) released its final voting guidelines for the 2020 proxy season. As expected, ISS will "generally" recommend that shareholders vote against certain board members at companies with all-male boards.

Judge: U.S. women's soccer team subject to discriminatory working conditions

USA's players including forward Megan Rapinoe (C) celebrate with the trophy after the France 2019 Womens World Cup football final match between USA and the Netherlands, on July 7
The U.S. women’s soccer team celebrates winning the 2019 Women's World Cup in July. Photo: Franck Fife/AFP via Getty Images

The U.S. women's national team hailed a judge's ruling that they're paid less per game than the men's side as he granted them class status in their gender discrimination lawsuit against U.S. Soccer, the Wall Street Journal reports.

QuoteIt’s almost a validation of everything that we’re seeing. I think it’s a really positive step forward in this fight."
— U.S. soccer star Megan Rapinoe to the WSJ