Morningstar examined the voting records of self-described “diversity” funds. We have some thoughts: 1. It is great that Morningstar is looking at and comparing the proxy voting records of the funds it covers. It should do more. 2. For example, it should look at the proxy voting records of all funds, whether they are explicitly…
Category: diversity
Report: Moving Toward Gender Balance in Private Equity and Venture Capital
A new study from the IFC, Oliver Wyman, and Rock Creek investment management explores the link between financial returns and gender diversity; the lack of women in the industry; and steps needed to achieve gender balance. One of the key findings of the report is that private equity and venture capital funds with gender-balanced…
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…
Finally, Evidence That Diversity Improves Financial Performance
This is an exceptionally thoughtful and important study about the financial benefits of diversity. When managers and scholars talk about diversity’s impact on organizations and teams, they’re usually referring to the effects on collective accuracy and objectivity, analytical thinking, and innovativeness. On “harder” measures of financial performance, researchers have struggled to establish a causal relationship…
