Institutional investors’ recent signals to boards indicate a stronger-than-ever focuson the issue of boardroom diversity. naacd

The largest asset manager in the world, Black-Rock Inc., has indicated that it will likely vote against boards that fail to make progress on diversity, if the board doesn’t have

washingtonpostThe man in charge of New York City’s $200 billion public pension fund wants more than 50 companies to take a page from the National Football League and pledge that they will consider female and minority candidates for their highest-level jobs.

...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.