Comptroller Stringer, NYC Funds: Unprecedented Disclosure of Corporate Boardroom Diversity Following Groundbreaking Campaign : Office of the New York City Comptroller Scott M. Stringer

New York City Comptroller Scott M. Stringer and the New York City Pension Funds today announced that after less than a year, the groundbreaking “Boardroom Accountability Project 2.0” (BAP 2.0) campaign, an initiative which pushes for greater corporate board diversity and transparency reforms, has accomplished unprecedented engagement with more than half of the 151 major…

Women on Track to Gain Record Number of Board Seats – WSJ

In the first five months of 2018, women accounted for 248, or 31%, of new board directors at the country’s 3,000 biggest publicly traded companies, according to an analysis of corporate filings by ISS Analytics, the data arm of Institutional Shareholder Services. That is the highest percentage in at least a decade, and puts 2018 on…

Amazon adopts ‘Rooney Rule’ proposal for diversity in reversal – Recode

Amazon said on Monday that it would adopt a policy whereby women and people of color are included in the pool of candidates for all board openings, essentially agreeing to a hotly debated shareholder proposal it had initially opposed. “The Amazon Board of Directors has adopted a policy that the Nominating and Corporate Governance Committee…

Investors turn to voting power to take stand on women on boards | The Star

Emboldened by last year’s successful campaigns against excessive executive pay, some of the world’s biggest investors are shifting their focus to women — or the lack thereof — on corporate boards.Legal & General Investment Management is the latest institution to say it will vote against boards that are not at least 25 per cent female….

In Wells Fargo Board Shakeup, Women Win Big – TheStreet

Wells Fargo, with yet another expensive and embarrassing fine to pay, $1 billion for fraudulent charges, has decided to “refresh” its board by adding more women. “You’re not supposed to wait for a catastrophe to say, Well it can’t get any worse, let’s give the women a try,” Nell Minow, vice chair of consultant ValueEdge…

Corporate Boards Are Looking for CEOs Who Aren’t Old White Men – Bloomberg

A growing number of companies, including Tyson, Republic Services, Foot Locker, and Best Buy, are eschewing traditional board candidates—retired chief executive officers, who are overwhelmingly older white men—and opting for diverse members, many of them first-timers with no experience.In 2017, 45 percent of appointees to the boards of S&P 500 companies were novice directors, the…