If it determines that the adoption of a formal written
board gender diversity policy is inappropriate, the issuer should carefully describe its reasons against adoption in its public disclosure record.
Both women and men who work for organisations
with gender diversity policies and practices in place, feel more positive about their ambition, pay and career opportunities.
This study shows that more needs to be done to educate hiring managers
around gender diversity policies and to get commitment from senior executives to openly support gender diversity.
However, starting in 2019, Glass Lewis claims that it will generally recommend voting against the nominating committee chair of a board that has no female members, or has not adopted a formal
written gender diversity policy.
Some investors may seek to allocate capital to investment strategies that invest in companies that are «Gender Diversity Leaders» exhibiting
strong gender diversity policies, programs, diverse boards, management and work / life balance programs as a way to increase gender diversity opportunities as well as mitigate risk.
The ISS further prescribes that the board
gender diversity policy include a clear commitment to increase board gender diversity, avoiding boilerplate or contradictory language.
Last April, public officials updated the Malaysia Code on Corporate Governence (MCCG) to
require gender diversity policy along with targets and specific corporate... Read More
Furthermore, Glass Lewis, unlike the ISS, does not describe what it expects to see included in a
board gender diversity policy in order to refrain from recommending a withhold vote.
Employers must ensure that they do have
gender diversity policies in place and that when they do, the existence of these policies and the opportunities that they provide, are communicated effectively to employees in the organisation.
Glass Lewis, on the other hand, will, beginning in 2019, generally recommend withholding a vote for the nominating committee chair of the board of an issuer (including venture issuers) where (i) the issuer has not disclosed a formal
written gender diversity policy or (ii) there are no female directors on the board.
All of the efforts and the commitment to
gender diversity policies and practices should be communicated, both internally and externally.
October 13, 2015 - CCGG released its Board
Gender Diversity Policy.
In response to the CSA Rules, the Canadian Coalition for Good Governance (CCGG) adopted its own board
gender diversity policy.
In light of the CCGG, ISS and Glass Lewis policies towards board gender diversity, issuers would be wise to evaluate whether a formal written board
gender diversity policy is appropriate in advance of the 2018 proxy season.
Beginning in 2019, the ISS will generally recommend withholding a vote for the nominating committee chair of the board of a TSX - listed issuer where (i) the issuer has not disclosed a formal written board
gender diversity policy and (ii) there are no female directors on the board.
October 13, 2015 - CCGG released its Board
Gender Diversity Policy.
As it had indicated earlier this fall in the summary of its 2018 Global Policy Survey, ISS has implemented
a gender diversity policy, to be phased in for certain issuers starting in the 2018 proxy season, and a revised...
According to Hays» Global Gender Diversity Survey, 36 % of financial services firms have
a gender diversity policy in place.
The implementation of
gender diversity policies and initiatives, as well as government legislation will continue to position gender diversity as a front of mind necessity for businesses and thus play a part in helping to narrow the gender divide.
We surveyed over 11,500 global working professionals, including 350 males and females from the UAE, to ask their opinion on five areas that impact gender diversity in the world of work: ambition, self - promotion, equal pay, career opportunities and
gender diversity policies.
Over two - thirds (69 %) of working professionals in the UAE have either no formal
gender diversity policies or are unaware of any in their organisation
Yet our survey shows that more men than women still fail to see there is any inequality when it comes to pay or opportunities, so how can
the gender diversity policies of organisations run by such men have any hope of succeeding?