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…
Category: diversity
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…
By the Numbers: How Diversity Data Can Measure Commitment to Diversity, Equity and Inclusion
House Subcommittee on Diversity and Inclusion At a Congressional hearing on diversity data, Anne Simpson talked about why diversity in portfolio companies is one of the top priorities for CalPERS: As a fiduciary that must pay benefits long into the future, we are focused on corporate practices that drive long-term value. We believe, and research…
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…
Comment From Doug Chia on NASDAQ Board Diversity Proposal
Doug Chia‘s comment on the NASDAQ proposal for board diversity disclosure is well worth reading in full (see below). An excerpt; Nasdaq’s proposed rules are purely disclosure-based. The new rules would require listed companies to disclose information about the gender, ethnicity, and sexual orientation of their boards.1 This is disclosure about a board’s diversity or lack thereof. It would…
Want More Diversity? Some Experts Say Reward C.E.O.s for It – The New York Times
harles A. Tribbett III, a consultant who advises large corporations about hiring and compensation, said many executives and board members were discussing whether to link pay to diversity goals, a change he endorsed. “I believe the time is now for that discussion to be turned into action,” said Mr. Tribbett, a managing director at Russell…
How Investors Are Addressing Racial Injustice – The New York Times
Socially responsible investing has been putting billions of dollars to work for social change for decades. In some cases, the strategy means avoiding certain sectors. Religious organizations, for instance, steer clear of alcohol, firearms, tobacco and other “sin” stocks. Some investors focus on companies that are already socially responsible to help them thrive, while starving…
Reporting of UK companies’ gender pay gaps tumbles in pandemic | Financial Times
We see absolutely no connection between the reporting requirement and the pressures of the pandemic. We do see a connection between dropping the reporting requirement and reductions in worker parity. The number of UK organisations reporting on their gender pay gap has halved during the past year, adding to concerns that the coronavirus pandemic could…
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