N.Y. State Common to oppose all board directors at companies without women members – Pensions & Investments

The New York State Common Retirement Fund, Albany, will vote against all corporate boards of directors standing for re-election at companies with no women board members, Thomas DiNapoli, the state comptroller, said Wednesday.

“It is unconscionable that hundreds of publicly held U.S. companies have no women directors,” Mr. DiNapoli, the sole trustee of the pension fund, said in a news release. “We’re putting all-male boardrooms on notice — diversify your boards to improve your performance.”

Source: N.Y. State Common to oppose all board directors at companies without women members – Pensions & Investments

One Comment Add yours

  1. Very positive step that I hope will be joined by many other funds. Wouldn’t it be nice if pension funds like New York also distributed the names of these companies to their members in anticipation of a boycott. CalPERS, where I get my pension, has almost 2 million members. Imagine the power of combining the ballot and the boycott.

    Liked by 1 person

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