In Wells Fargo Board Shakeup, Women Win Big – TheStreet

Wells Fargo, with yet another expensive and embarrassing fine to pay, $1 billion for fraudulent charges, has decided to “refresh” its board by adding more women.

“You’re not supposed to wait for a catastrophe to say, Well it can’t get any worse, let’s give the women a try,” Nell Minow, vice chair of consultant ValueEdge Advisors, which counsels big investors on corporate governance, said in a telephone interview. “But it doesn’t take a rocket scientist to figure out that if you’re looking through a talent pool of 100% of the population rather than 50% of the population, you’re going to come up with better director candidates.”

Source: In Wells Fargo Board Shakeup, Women Win Big – TheStreet

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