New York City Pension Funds Launch Second Phase of Boardroom Accountability Project
On Friday, September 8, New York City Comptroller Scott M. Stringer sent a letter to 151 companies seeking engagement around a range of disclosures regarding the race and gender of company directors, the creation of a standardized director skills matrix and details of those companies’ director evaluation and succession plans
CEOs Explain How They Gender-Balanced Their Boards
For the first time in eight years, the percent of women on U.S. corporate boards declined last year. Despite more evidence about the benefits of the increasing the number women on boards (such as better decision making), and mounting pressure from groups like State Street Global Advisers and Blackrock to do so, the data suggest it will take until the end of 2055 to have board parity in the U.S. if we continue at the current rate.
Results of ISS global survey reveal strong opinions on board gender diversity
Apparently, just about everyone is on board with the concept of board gender diversity—almost 70% of investors viewed as problematic the absence of any women on a board. However, making board diversity a reality seems to be a tougher proposition.
A surprising number of men think women are ‘well represented’ when just 1 in 10 executives is female
Fifty-five percent of men said disrespectful behavior in their workplaces is addressed quickly, while just 34 percent of women said the same. Half of men said managers consider diverse candidates for open jobs, compared with just 35 percent of women.
How to Land a Board Seat: Issues to Consider
Industry and international experience, a knowledge of risk and technology issues, and personal traits that range from intellectual curiosity to unassailable integrity are just some of the qualities and qualifications that candidates seeking board seats should possess. That long list of requirements, combined with the fact that boards seats don’t become available all that often, can make securing such a position difficult.
NYC Pension Funds Set Their Sights on Board Diversity
The NYC Pension Funds, which led the largely successful campaign to implement proxy access rights across corporate America, have launched a new crusade to improve the diversity of corporate boards.
Closing the Gap on Board Diversity
Investors and corporations alike hold the power to achieve truly diverse representation on boards. But for sustained change to take hold, both sides must take a more active role in closing the gap.
Gender Diversity on Technology Boards - Recent Moves at Accenture, PayPal, Intuit & Many Others
Tech companies have increasingly been feeling the investor pressure to refresh their board of directors. Several companies are focusing on diversity and adding female directors.
Report: Board Directors Speak Out About Their Expectations, Responsibilities
The Conference Board's Governance Center released a report that details what corporate board directors believe their role entails. In the report, Just What is the Corporate Director's Job? Directors' Perspectives on the Board Member's Job Description, the viewpoints featured result from individual interviews and a panel discussion with board directors of companies from multiple sectors.
Women in the Chemical Industry 2017
Although chemical companies are far from having equal representation of women and men in leadership roles, C&EN’s 2017 survey of women in industry shows some gains in boardrooms and executive suites over the past year.
6 Strategies to Strengthen Boardroom Diversity to Advance African Americans
John Rogers and James Bell not only represent two of America’s most astute corporate directors but also serve as unwavering, outspoken advocates for boardroom diversity and inclusion.
Big Companies Say They Favor Diversity, Most Refuse to Prove It
A majority of large-cap companies say they are working to advance gender and racial diversity in the boardroom but less than half are willing to disclose how their efforts are proceeding, according to a new study.
New Shows Higher Returns for Companies with More Women Managers
The 25 percent of Asia-Pacific companies that had the largest share of women in managerial posts returned an average 4.6 percent on assets in the latest fiscal year, data compiled by Bloomberg shows. That compares with 3.7 percent for the 25 percent which had the least women managers.
Alumna Ann Harlan and her Father Featured in Interview about Board Service
They say the apple doesn’t fall far from the tree, which occasionally also proves true when it comes to board service. In this episode of Boardroom Resources, Host TK Kerstetter sits down with two very experienced and well-respected board members, who also happen to be father and daughter (serving on separate boards). Ann Harlan shares the many life lessons she learned from her father, Steve Harlan, over the years and explains how those family values guided her when blazing her own trail as a board member.
How Lawyers are Working to Change their Industry's Diversity Problem
The ‘Mansfield Rule’ is a data-driven, modified version of the Rooney Rule, which was proposed by Dan Rooney and adopted by the NFL in 2003. The new rule takes the old rule's shortcomings into account. It was clear the Rooney Rule didn’t go far enough, says Caren Ulrich Stacy, the CEO of Diversity Lab, a research outfit that is experimenting with ways to improve diversity ratios in the legal profession. The Mansfield Rule, which is one of the diversity initiatives the Lab has helped shape, will measure whether firms are actively considering diverse candidates for at least 30% of open leadership and governance roles. In other words, if you have a slate of 10 potential hires, three need to be people of color or women. “Research shows that 30% in a candidate pool is a real tipping point,” says Stacy.