In a recent press release by Microsoft Corporation today announced its proposal for the election of new board members known.The company has two women on this occasion by the board in an attempt to add diversity nominated.The election will take place at the general meeting of the Company on December 2,2015,that the final decision can be made to take.Nominations are Sandra Peterson, who is president of Johnson & Johnson and Padmasree Warrior, the chief strategy officer and chief technology officer of Cisco is an ex.The company says both are known executives with the skills and experience necessary to match the vision and strategic business strategies of the company.
The decision to appoint two women follows a lawsuit against Microsoft last month by gender discrimination by one of its former employees.Katie Moussouris who worked for Trustworthy Computing Group at Microsoft in Redmond for over seven years,said that the company has consistently discriminated against women who used the technician.She reported that women IT professionals were paid less than men.He added that women in their performance and what to look for bias disproportionate pay and promotions.Microsoft,in turn,referred to the allegation that the company is committed to diversity and that all employees have the same opportunities to grow.However,the company agreed to look into the matter and find a sensible solution.
Microsoft also has in the press release about one of their board member not seeking re-election will be announced.Mud Harvey College President, Dr.Maria Klawe are leaving the board after the end of its current mandate, following the AGM in December.Independent Chairman of the Council gave Dr.John Thompson applause Klawe say thank Dr.Klawe for his many contributions to the board and its leadership in STEM initiatives over the past six years.He also commented on the new nominations saying: Sandra and Padmasree both offer strong technology expertise and business experience that will serve as valuable additions to the board.
With addition of the new nominees,the board count will reach to eleven.Other than Dr.Klawe,current board includes Chairman John W. Thompson, CEO Satya Nadella, William H. Gates, John W.Stanton, Cahrles W. Scharf,Dr. Helmet Panke, Charles H. Noski, G. Mason Morfit,and Teri List-Stoll.According to company website, women contribute to around 28% of the Microsoft total employees. The figure however falls down to 17% in case of technology positions.
With such figures,CEO Satya Nadella laid much emphasis on diversity in the last shareholder meeting saying that it is very important for the software leader and expressed his intentions to attract, hire, promote and retain a more diversified workforce.While the compensation package of the nominees has not been revealed,company filings show handsome compensation for the board members.It showed that the CEO received around $18.3 million for the fiscal year 2015 that includes a salary of $1.2 million,cash bonus of $4.32 million and stock award valuing to $12.8 million.It also shows the package of CFO Amy Hood who received $8.75 million this year including salary, bonus and stock awards.