The focus on the value of more diversity on corporate boards has specifically emphasized women, but not all women.
Numerous resources have been developed to help companies identify qualified women candidates for board seats, and as a result, gender representation is slowly increasing. Today, women represent 23% of S&P 1500 directors. However,
The number of companies appointing a woman to their board in the US has more than doubled to 85 since July
How do investors use their proxy votes to promote greater board diversity?
Resolutions passed in the Legislature often prompt a roll of the eyes because they lack the power of the law. But here’s one that has come to haunt the boys in the boardroom: a 2015 resolution sponsored by Senator Karen Spilka and Representative Patricia Haddad calling for more women on boards.
...we find that banks with more gender diversity on their board perform better once the composition of these boards reaches a critical level of gender diversity, corresponding to a board female share of around 13-17 percent.
