Why Can’t Boards Achieve Diversity?

Here is the lede from this WSJ article: “A stubborn paradox reigns across U.S. boardrooms: Companies are appointing more women to board seats than ever, yet the overall share of female directors is barely budging.” In comments to the WSJ, the managing director for corporate governance research at the Conference Board indicated that, in “the…

Investors Pressure Oil Giants on Ocean Plastics Pollution | InsideClimate News

Despite the dismissive tone of the Wall Street Journal’s John D. Stoll in suggesting that shareholder interest in reducing plastic garbage is somehow disconnected from risk and return, the fact is that the ability of corporations to continue to externalize their costs is likely to be sharply reduced and consumer preferences are increasingly tied to…

Study: Buybacks Do Not Impede Long-term Growth [But…..]

A new study purports to show that stock buybacks do not impede long-term growth. Ira Kay and Blaine Martin conclude: Contrary to the common assertion that share buybacks damage long-term growth and investment, we found that companies conducting larger share buybacks (-12.8% change in common shares outstanding over four years) showed higher TSR, higher CapEx growth,…

Illinois Takes Steps Toward Adopting a California-Like Board Diversity Bill

Some of Illinois’ largest companies would have to take a critical look at who’s calling the shots in their boardrooms if a bill making its way through Springfield becomes reality. The legislation, which narrowly passed the House last month, would require any publicly traded company with an Illinois headquarters to have at least one woman…

Despite SEC Action, Shareholders Push ExxonMobil for Progress on Climate Change

They can run, but they can’t hide. Efforts by ExxonMobil to squelch shareholder initiatives on climate change have led to escalation, including a high-visibility call to withhold votes for the nominees for the company’s board. Directors at Exxon Mobil Corp. are facing a withhold campaign from two institutional shareholders alleging the energy company has failed…