Board Diversity Report from SpencerStuart

A new report on board diversity from SpencerStuart finds more rhetoric, less progress. While it attributes that discrepancy to “low turnover,” that suggests that making board composition decisions is not a perpetual obligation and just because someone is a good director does not mean it is not time to replace him (it is usually him)…

Diversity Is Strength In The Corporate Boardroom

Dr. Charles Theuer writes in Forbes: A “Diversity on Boards” report issued in March 2022 by the California secretary of state found that 301 out of 716 impacted corporations had complied with AB 979 and 186 had complied with SB 826 in 2021. I am confident these numbers will continue to increase and not because…

California Corporate Diversity Law Ruled Unconstitutional | Political News | US News

A Los Angeles judge ruled Friday that California’s landmark law mandating that corporations diversify their boards with members from certain racial, ethnic or LGBT groups is unconstitutional. The brief ruling granted summary judgment to Judicial Watch, a conservative legal group that sought a permanent injunction against the measure that was signed into law last year….

Women in the Boardroom | Deloitte Global

The underrepresentation of women on boards remains a key area of focus for organizations globally, but overall progress remains slow, and for women in leadership positions, even slower. The Deloitte Global Boardroom Program’s Seventh Edition of the Women in the boardroom: A global perspective report includes updates from 72 countries on gender diversity in the…

Agenda – Droves of Male Board Retirees Replaced by Women

We’re not sure this qualifies as “droves,” but it is a small step toward what will eventually be gender parity on boards. We hope “eventually” means soon. As male directors leave boards due to age, retirement or opting not to stand for reelection, they are consistently being replaced by an ever-increasing number of women, and,…

SEC Sued Over NASDAQ Board Diversity Rule

Once again, those who love to rhapsodize about the free market want to protest when they don’t like the results. A group claiming to be about free enterprise is suing the SEC over its approval of the NASDQ listing standards on board diversity. For the thousandth time, that rule is not a quota. It is…

Board Diversity Suit Dismissed

A California federal judge has dismissed shareholder derivative claims against NortonLifeLock Inc. that accused the cybersecurity giant’s board of failing to uphold its stated commitment to diversity and inclusion. U.S. District Judge Richard Seeborg acknowledged Monday that his ruling comes after the dismissals of several similar derivative actions filed by the same law firm that accuse a range of name-brand…