Big Investors Push Harder for More Women Directors
Emboldened by last year’s successful campaigns against excessive executive pay, some of the world’s biggest investors are shifting their focus to women -- or the lack thereof -- on corporate boards.
Roberta Liebenberg Receives Courageous Leader Award
Roberta D. Liebenberg of Fine, Kaplan and Black received the Hortense Ward Courageous Leader Award from the Center for Women in Law at the University of Texas School of Law on April 13. This award is bestowed once every two years and recognizes an "outstanding woman lawyer who displays tenacity, courage, and commitment in her efforts to achieve gender parity in positions of leadership, influence, and responsibility in the legal profession."
Companies Are Filling Their Boards With Newbies
In 2017, 45 percent of appointees to the boards of S&P 500 companies were novice directors, the most since recruiter Spencer Stuart started keeping tabs in 2006. Last year also was the first time a majority of the incoming directors were women or minority candidates.
15 Minutes With FactSet’s General Counsel
Rachel Stern started working as the first lawyer at Connecticut-based financial information and data analytics service provider FactSet Research Systems Inc. in January 2001. Since then, her role has expanded to include several nonlegal responsibilities, including third-party data acquisition, intellectual property rights management, human resources, investor relations, real estate strategy and facilities management.
Injecting Ethics into Boards through Diversity
For a business to function well, it requires oversight, which should come from a board of directors that tell the CEO what they should be doing, not just letting the CEO tell the board what should happen. On the show today to discuss the balance of powers between a company’s board and its CEO is Denise Keane. Keane was formerly on the general council at Altria, and now presides on the board for DirectWomen.
Want Equal Pay Day to Go Away? Add More Women to Corporate Boards
When looking at median annual salaries for each group, U.S. women are paid about 80 cents for every dollar paid to men. And the pay gap is even worse for women of color. For significant change to occur, we believe more women need to assume leadership roles, especially by serving on corporate boards. There’s proof that having more women in board positions yields benefits for an organization’s performance, and for society as a whole.
Economic Inclusion Becomes a Sustainability Imperative
Gender and ethnic diversity have been business concerns ever since the corporate social responsibility movement dawned several decades ago. Economic inclusion — ensuring that everyone has equal opportunity to participate in the economic life of their community as employers, employees, consumers and citizens — increasingly is being seen as part of the sustainability agenda.
Bored With Your Boardroom? Diversify.
The importance of workplace diversity has been proven many times over. It makes good business sense for companies to recruit, train and retain a workforce that reflects a cross-section of the public. It’s not just politically correct—it’s truly valuable to companies: Diversity expands the talent pool. It ensures a wide array of backgrounds, perspectives, skills and experiences that reflect the way many different people think.
Utility Companies do Better with Gender Equity on Boards. Here's Why
When the Forum of Executive Women released its annual Women in Leadership Report looking at gender equity in regional public company boards and C-suites this past fall, one new metric stood out. For the first time, the organization’s study broke its data out by specific industries, and the communication, construction and utilities fields, grouped together, outperformed all others in Greater Philadelphia when it came to having more female directors, executives and top earners.
Fearless Girl? Getting on Board with Diversity
New Proxy Insight report reviews diversity-elated voting trends: from the last proxy season. It finds that Investors were increasingly willing to hold directors to account when they failed to take action to improve diversity.
CFOs Can Help Ensure Board Diversity
For many businesses, fiscal-year 2019 already looms, demanding that CFOs reassess the budget and outline new plans to capture growth in the year ahead. While that can often be a tedious and painstaking process, it offers CFOs an opportunity to revisit current operational strategies and explore new avenues to drive business objectives forward. One crucial area that I urge CFOs and other business leaders to capitalize on is the often-overlooked subject of board diversity.
Robo-advisor Rolls out Women-Focused Impact Funds
Ellevest is launching a new range of impact funds that will focus on social initiatives that support the advancement of women. The Ellevest Impact Portfolios will include funds that invest in companies aiming to make a positive social impact by tackling three issues: women in leadership, sustainable, accountable companies, and thriving communities.
Better, but not Good Enough: Women Still are Few and Far Between on Corporate Boards
In the year since “Fearless Girl” appeared on Wall Street, the push for gender diversity in boardrooms has gained traction. State Street voted against 400 corporate boards that failed to nominate female directors, the New York City Comptroller and the New York City Pension Funds launched their own initiative focusing on board diversity disclosure. ISS and Glass Lewis, the two largest and most influential proxy advisory firms, have announced a new focus on gender diversity. And earlier this month, Blackrock updated its voting guidelines to state that it now expects to see at least two female directors on every public company’s board.
Women Are Gaining Seats Without Power on Corporate America's Boards
The biggest U.S. companies, which have been promoting women directors amid evidence that gender diversity can lead to better financial results, give those women fewer leadership roles once they're on the board, according to a study.
The Triangle Women Leading the Fight for Gender Equality on Corporate Boards
As the U.S. sets aside the month of March to celebrate National Women’s History Month, the history of women on corporate boards is a dismal one. Here are a few of the voices of the women trying to advance the cause in the Triangle.