How to Increase the Number of Black Board Members – WSJ

Nearly two-thirds of companies in the Russell 3000 index lacked a Black director in 2020, according to data analyzed by Institutional Shareholder Services, a proxy adviser. The year before, about 70% didn’t have one. But the recent clamor for greater racial justice and increased investor pressure has convinced many U.S. businesses they need to reshape…

SEC Chief Calls for New Rules on Corporate Board Elections – WSJ

Securities and Exchange Commission Chairman Mary Jo White, speaking in Chicago, said the SEC is developing rules for what is known as a “universal ballot,” which would allow shareholders to receive a single voting form in contested corporate elections, rather than one from each side. The move aligns Ms. White more closely with activists and…