CGLytics’ second annual S&P 500 report... titled ‘Do 2020 trends foretell the future?... examines diversity at the top levels of S&P 500 companies, noting that investors are increasingly focused on diversity, particularly around gender and race.

50/50 Women on Boards, the leading education and advocacy campaign accelerating gender balance and diversity on corporate boards, has released new research revealing a positive shift in board diversity. For companies that represented the 25 largest initial public offerings (IPOs) of 2020, women held 24% of all company board seats – up from 21.9% in 2019, culminating a 10% overall increase since 2015.

...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.

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