Activist investors have the power to get more women on corporate boards, should they choose to use it.
Elliott Management Corp. called this week for operational changes and a board overhaul at data-management software company Commvault Systems Inc. In a letter to the board, Elliott partner Jesse Cohn and portfolio
Investors have been interested in boosting the number of women and minority directors at companies for many years and won a new requirement for disclosure on the subject in 2009, but despite efforts since to make that requirement more specific, the Securities and Exchange Commission (SEC) has not acted further.
This has not deterred an expanding array of support for more board diversity, however. In the last year,
New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common
For nine years in a row, this tiny Nordic nation has topped the World Economic Forum’s ranking of nations with the smallest gender gap.
A major state pension fund intends to oppose the re-election of all directors at hundreds of U.S. corporate boards without a single woman.
There should be an expectation in business that the selection process is based entirely on merit...Given the disproportionate number of men to women in senior roles, business should question the soundness of their meritocracies.
