Diversity Thresholds: How Social Norms, Visibility, and Scrutiny Relate to Group Composition | Academy of Management Journal

Analyses of S&P 1500 boards reveal that significantly more boards include exactly two women (the descriptive social norm) than would be expected by chance. This overrepresentation of two-women boards–a phenomenon we call “twokenism”–is more pronounced among more visible companies, consistent with our theorizing around impression management and scrutiny. Experimental data corroborate these findings and provide…

Looking at wealth management through a “gender lens”

Andrew Behar, head of As You Sow, a San Francisco Bay-area shareholders advocacy group, said putting women in positions of power is simply good for business.“It really creates a better culture that’s going to reduce risk. That’s going to attract the best and the brightest talent,” he said.Behar’s organization offers a free online tool that…

Heidrick & Struggles Takes Action with Board Diversity Pledge Globally

Search firm Heidrick & Struggles has announced that on an annual basis at least half of its cumulative slate of initial board candidates presented to clients will be diverse, reaffirming a commitment to promoting diversity in board of director searches globally. Developed in collaboration with Stanford’s Rock Center for Corporate Governance, Heidrick & Struggles’ pledge is designed…

PWC on Corporate Boards: Cyber Threats, #Metoo, Diversity, and What Shareholders Want

PWC on Corporate Boards: Cyber Threats, #Metoo, Diversity, and What Shareholders Want PWC’s annual director survey is one of our most trusted resources on corporate governance from the perspective of the boardroom, and this year’s edition has some significant findings on issues like diversity, CEO pay, climate change, cybersecurity, and the gap between what board members…

Governor Brown Signs Historic Board Diversity Legislation

VEA’s Annalisa Barrett writes: Today, California’s Governor Brown signed California Senate Bill 826 which requires publicly-traded companies with principal executive offices in California to have women on their boards. Specifically, all such companies will have to have at least one woman on their boards by December 31 2019, and one, two or three women –…