Taking a closer look at female board appointments

[T]he demands for greater board diversity continue, raising the question of whether external pressure from shareholders, media, and advocacy groups actually causes firms to appoint women to their boards. The answer is yes, a new study concludes, but there’s a catch: Firms under pressure to appoint female directors tend to do so by adding board…

Findings of the ISS Global Survey 2019

The findings of the annual ISS survey on investor priorities: Board Gender Diversity: Majorities of both investors (61 percent) and non-investors (55 percent) agreed with the view that board gender diversity is an essential attribute of effective board governance regardless of the company or its market. Approximately 27 percent of investors tended to favor a market-by-market…

New Illinois Law Requires Corporations to Report Diversity on Corporate Boards

A new Illinois law, Public Act 101-0589, signed by Governor J.B. Pritzker on August 27, 2019, aims to encourage diversity on the boards of directors of publicly held domestic and foreign corporations with principal executive offices in Illinois. The bill passed both houses of the General Assembly as House Bill 3394. P.A. 101-0589 requires that…

A $750 Billion Midwest Fund Group Pushes for Board Diversity – Bloomberg

A group of 11 pension and union funds with a collective $750 billion in assets has picked up the mantle [on board diversity in small and mid-size companies]. Called the Midwest Investor Diversity Initiative, the group, which includes the United Auto Workers Retiree Medical Benefits Trust, the Illinois State Treasurer’s Office and the Ohio Public…

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…