More on Anti-ESG Trojan Horse Proposals | Observer

More on the anti-ESG shareholder proposals that mimic pro-ESG proposals. At Apple’s March 10 shareholder meeting, there were five shareholder proposals. All were voted down, including the “Civil Rights and Non-Discrimination Audit Proposal,” which failed by a better than 70-to-1 voting margin. Despite its seemingly neutral title, the proposal questioned whether Apple’s diversity, equity, and…

The danger in the Republican anti-woke response to SVB’s collapse

It’s just like blaming every celebrity’s health challenge on the vaccine. It’s also like the humbug Wizard of Oz desperately telling Dorothy to pay no attention to the man behind the curtain. With not even the tiniest molecule of evidence or documentation, right-wing zealots are blaming corporate failures on diversity initiatives and “woke” strategies disconnected…

VEA Vice Chair Nell Minow in Forbes on Diversity in the C-Suite

VEA Vice Chair Nell Minow is quoted on the “statistically insignificant” number of women CFOs. “There are plenty of very qualified women out there,” says Minow, the corporate governance expert. “Worse than that, there are plenty of men who are not doing good jobs and should be replaced.”

Carlyle to Tie CEO Pay, Worker Bonuses to Diversity Goals – Bloomberg

Carlyle Group Inc. is the latest company to tie compensation of its chief executive officer to the firm’s performance on certain diversity and inclusion goals as corporate America tries to make good on promises to boost underrepresented talent. Kewsong Lee’s pay, which totaled $16.4 million last year, will be measured against a “comprehensive set of…

Proxy Season 2021

The annual webinar hosted by As You Sow on the upcoming proxy season had to build in some extra time this year. The events and upheavals of 2020 are reflected in the range and impact of this year’s shareholder proposals. As You Sow’s Andrew Behar led off with a strong statement: “If there is a…

Congresswomen Ask 31 Financial Firms for Diversity and Inclusion Data

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, sent requests to the nation’s 31 largest investment firms—those with $400 billion or more of assets under management—for data on their diversity and inclusion.  “We are making progress to ensure a…

How Can Investors Measure Diversity, Equity, and Inclusion? | Morningstar

Equity — in both senses of the word — is a significant indicator of investment risk and reward. In a corporate world awash in acronyms, “DEI” is becoming as ubiquitous as USP and ROI. Diversity, equity, and inclusion was already a focus for many businesses, but the 2020 police killing of George Floyd, the subsequent…

Pay gap for U.S. female executives narrows but persists | Reuters

Among companies in the Russell 3000 index, covering most of the investable U.S. stock market, the highest paid women earned 84.6 cents for every dollar earned by male counterparts in 2019, up from 81.5 cents in 2015, according to a paper from researcher Morningstar Inc due out Wednesday. Author Jackie Cook said the narrower difference…