As activist investors push
for board diversity and even pay equity, new pay equity laws bring severe consequences for non-compliance.
«There's become a compelling case
for board diversity,» Veta Richardson, president and CEO, Association of Corporate Counsel, noted.
According to Deloitte and the Alliance
for Board Diversity, women and minorities occupied about 31 % of the board seats of Fortune 500 companies in 2016 — up from 26.7 % in 2012.
The OSC's new rules for TSX - listed companies require them to develop plans
for board diversity — or explain why they haven't done so.
Not exact matches
For example, she points to Peter Grower of Bloomberg as one individual who has been rallying to encourage more
board diversity in the US.
Other countries, such as the U.K., have gender
diversity champions who have made excellent use of the bully pulpit, notably Lord Mervyn Davies, who is calling
for 33 percent
board participation by women by 2020.
The appointments are significant at a time when more and more companies are coming under fire
for their lack of
board diversity.
Just last week, the company faced headlines like this: Apple's mostly white
board says a call
for diversity is unduly burdensome and not necessary.
Specifically, the provincial government proposed forcing companies to either set up
diversity policies that include specific goals
for hiring female
board members, or explain why they refuse to do so.
Sanchez is a member of the Asia Society's Global Talent and
Diversity Council and a founding member of the Institute
for Corporate Productivity's Talent Acquisition Leaders
Board.
She is also a champion
for diversity within the organization and serves as a member of the Women@Google
board and is an executive sponsor
for HOLA, Google's Latino Employee Resource Group.
She is also an active
board member
for the Hispanic Officer Caucus and a key sponsor of the
diversity and inclusion initiatives in Walmart's supply chain.
Committed to
diversity and the advancement of women and girls, Ms. Hernandez - Kakol is a member of KPMG's Women's Advisory
Board and has served on the leadership team
for KPMG's Network of Women.
Board members of color are charged with holding their companies accountable
for the
diversity of their leadership teams,
for pushing to source from minority - owned businesses, and in supporting giving that addresses inclusion.
She is an Australia Day Ambassador
for Western Australia, sits on the
Board of Directors of the Museum of Freedom and Tolerance Western Australia, and is the Founding Director of the Whande Group, a premier
diversity consultancy and program development organisation specialising in global
diversity.
The decision wasn't intentionally racist or sexist, but the result was a tendency
for boards to lack
diversity and exclude voices that represent key constituents — employees, regulators, clients and shareholders.
CtW also calls out Netflix
for its all - white
board and wants greater ethnic and geographic
diversity, especially given that the company its service to 130 additional countries.
«Investors» calls
for greater gender
diversity appear to be nudging nominating committees to find more women to serve on
boards at U.S. firms.»
Bessant represents the company on a number of important topics, including
diversity and inclusion, serving as an executive sponsor
for the company's Lesbian, Gay, Bisexual and Transgender Pride executive
board and the LGBT Ally program and executive management team sponsor of the company's disability advocacy initiatives.
It wasn't until last August that Business Roundtable, an association of CEOs whose companies represent 15 million workers, specifically cited
diversity at the top of its list of characteristics to consider
for board composition in its Principles of Corporate Governance guide.
«The
boards looked good on paper, but it's got to be
diversity that's right
for the company,» says Dominic Barton, global managing director of McKinsey & Co..
Such recommendations must also include a statement from the recommending stockholder in support of the candidate, particularly within the context of the criteria
for Board membership, including issues of character, integrity, judgment,
diversity, age, independence, skills, education, expertise, business acumen, business experience, length of service, understanding of the Company's business, other commitments and the like, as well as any personal references and an indication of the candidate's willingness to serve.
Heading into year three of the «comply or explain» regime
for diversity on
boards, the numbers look mediocre.
According to the Thirty Percent Coalition, which aims
for women to hold 30 % of
board seats in public companies, there were about 25
board diversity resolutions filed in the first half of 2015.
It's not uncommon
for investors to push
for increased
diversity with such
board proposals, Eileen Carey, CEO of Glassbreakers, which makes software to help companies improve employee
diversity, tells Quartz.
The Vancouver
Board of Trade is strongly supportive of the announced Action Plan
for Women Entrepreneurs, as well as its promise to modernize Canada's corporate governance framework through amendments to the Canada Business Corporations Act to promote gender
diversity among public companies, using the widely recognized «comply or explain» model.
«[W] orkplace
diversity proposals (which mostly concern rights
for lesbian, gay, bisexual and transgender people and those seeking more
diversity among corporate
board members) account
for 9 percent of the total number of shareholder resolutions filed so far this year.»
Senior members of the Glass Lewis research team discuss key developments
for the 2018 proxy season, including EU directives, company engagement, investor stewardship,
board diversity and skills, executive remuneration and non-financial reporting.
How the Message of
Diversity & Inclusion is Starting to Change the Conversation Learn how State Street Global Advisors «Fearless Girl» installation came to life and subsequent efforts to spotlight the need for greater gender diversity on boards and corporate le
Diversity & Inclusion is Starting to Change the Conversation Learn how State Street Global Advisors «Fearless Girl» installation came to life and subsequent efforts to spotlight the need
for greater gender
diversity on boards and corporate le
diversity on
boards and corporate leadership.
Iain Black, President and CEO of The Vancouver
Board of Trade, echoed Austin's sentiments and commended both Manning and Austin for their work in recruiting new board members and emphasizing diver
Board of Trade, echoed Austin's sentiments and commended both Manning and Austin
for their work in recruiting new
board members and emphasizing diver
board members and emphasizing
diversity.
Washington, DC, November 19 --- The Women's Business Enterprise National Council (WBENC) has named Benita Fortner, Director of Supplier
Diversity for Raytheon Company, as Chair of the WBENC
Board of Directors.
The Conference
Board and Georgetown University's McDonough School of Business, in partnership with The SAIS Center
for Transatlantic Relations at Johns Hopkins University, developed a scenario model that companies can use to enhance the gender
diversity of their
boards.
For example, the newspaper measures such things as the
diversity of the faculty, staff,
board members, and students at each school, «languages,» the «international reach of the EMBA,» as well as the amount of research published by professors from each school.
-- Fenwick: Gender
Diversity Survey 2013 Maier flipped the research on its head by posing the question: «Why do we have to say «having 20 % of women on
boards shows a positive result
for companies instead of «having 80 % of men on
boards shows a negative result
for companies?
She has written reports
for Glass Lewis including the 2011 - 2015 editions of Greening the Green: Linking Executive Compensation to Sustainability and Mind the Gap:
Board Gender
Diversity.
While executive remuneration and
board diversity remained two of the most important governance topics in the UK, a number of other developments contributed to an upward trajectory
for shareholder rights this year.
You've explicitly stated that you've not considered
diversity when hiring
for leadership roles in
board members.
Kim also serves as a
board member with the following: the Canadian Coalition
for Good Governance, the Community Business
Diversity Council, the Women's College Hospital Investment Committee, and the United Corporation (a listed closed - end fund).
The CSA now requires Canadian issuers to either disclose formal
diversity policies
for their
boards of directors, or explain why they haven't got a policy.
LONDON AXA Investment Managers will vote in protest against companies which do not explain how they will boost the number of women on their
boards, joining growing demands
for workplace
diversity.
However, the evidence we are aware of
for the importance of
board diversity on organizational performance specifically is less strong.71 GFI's
board includes members of some relevant occupational backgrounds, but we are concerned that two of its five
board members are leadership staff at the same external organization.
The evidence
for the importance of
board diversity is somewhat stronger than the evidence recommending
board sizes of five or greater, in large part because there is a significant body of literature indicating that team
diversity generally improves performance.
FKG also created a
diversity index, ranking companies in the Fortune 500 based on the number of women in senior management,
board roles, and «pipeline» positions where rising talent can be groomed
for the next level.
In fact, social conservatives in the USA, led by Christian conservatives, have fought or disagreed with religious
diversity, religious equality, abolition of slavery, Suffrage, desegregation, integrating the armed forces, Brown v
Board of Education, mixed race marriages, respect and equality
for Jews (not in MY country club!)
The reasons
for the lack of
diversity in leadership are complex, but Henry says that proactively encouraging it can only be a positive thing: «The experience of the secular world confirms that
diversity around the
board table adds great value and makes sense.
The 100 women were selected in 10 categories, including
board and management, social enterprise and not -
for - profit, business enterprise, public policy, innovation, young leader, global, local / regional,
diversity, and a new category, arts, sports and culture.
Russian River Valley Winegrowers Announce New
Board Members and Officers
for 2016 The Russian River Valley Winegrowers (RRVW), a non-profit marketing and educational organization dedicated to promoting and maintaining the agricultural
diversity of the Russian River Valley, announced the appointment of Clay Gantz as the 2016
Board President...
Her contributions to the field of babywearing education include founding an independent babywearing group and working with the educational development of new educators, establishing a Babywearing International Chapter where she worked to become a Master Babywearing Educator, the President of the Chapter as well as the Education Coordinator
for her local chapter, and on a National level has held such titles as BWI
Board of Directors; Treasurer,
Diversity and Inclusivity Committee member and BWI Accreditation Coordinator.
«Roslindale has tremendous support
for diversity,» said Jennifer Madar,
Board President of Roslindale Village Main Street (RVMS).
Through a collaborative process between the Family Association, Faculty Conference,
Board of Trustees, staff, alumni, and other community members, the school formed a one - year Ad - Hoc Inclusion, Equity, and
Diversity Committee to conduct a rigorous analysis over the course of the 2017 - 2018 academic year and draft a plan
for future work.