What the #MeToo movement means for investors? - letsdiskuss
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Ali Abbas

Blogger | Posted on | News-Current-Topics


What the #MeToo movement means for investors?


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Assistant professor ( Finance & Marketing) & Admission Councellor | Posted on


Letsdiskuss



Hi you might have read and listen these days about the ME TOO Movement, many papers , news channels and specially social  media is flooded these days with the news of me too campaign


"The Me Too movement (or #MeToo movement), with many local and international alternatives, is a movement against sexual harassment and sexual assault. #Me Too spread virally in October 2017 as a hashtag used on social media in an attempt to demonstrate the widespread prevalence of sexual assault and harassment, especially in the workplace".


Many celebrity's have joined this movement to raise voice against the sexual harassment they faced during there work period some of them raise the news channels. Created by Alyssa Milano, the movement soon found support with noted Hollywood actors Gwyneth Paltrow, Ashley Judd, Jennifer Lawrence, and Uma Thurman. The movement was chosen as the Person of the Year by the Time magazine. It also gave birth to the more militant Time’s Up campaign.


This movement is not only about politics or media world. If we look at the investors or business world we can see that males are still dominating women in the corporate sectors. recently Nike has explosively answered. A brand admired for its women’s empowerment messages, diversity and corporate social responsibility has just delivered a cautionary tale of leaders contradicting the corporate line. Over the past month, the company has fired half a dozen male senior executives for “conduct inconsistent with Nike’s core values and against our code of conduct.”


This is the global balance score card of the different  retail companies.

Having a critical mass of senior women and a group of misbehaving or disrespectful male leaders is a dangerous combination


Investors are worried and  trying to figure out what to do about sexual harassment incidents, assessing what happened, the severity of the incident and what the reputation risk is to their fund" from investing with a firm affected by a sexual misconduct incident,

"Association is getting a lot of questions from its 400 members — 87% of which are institutional investor operational due diligence officers — about how best to incorporate assessment of sexual misconduct during due diligence,  once Mr. Borowiec said.


According to the Survey #MeToo index

Institutional investors so far have generally been "more reactive than proactive" regarding sexual harassment issues in the money management industry, the source said, noting that his/her fund will add specific questions about the issue to its annual money manager due diligence review.

To date, 653 persons are on the list — but only 13 people are from the asset management industry compared to 183 from the entertainment industry.


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