Press Release– Fort Washington, PA – July 17, 2018
Representing $3.5 trillion in assets under management, the institutional investor members of the
Women are a rapidly growing economic force in many leading and developing economies. In the United States, for
Women are gaining more seats in U.S. boardrooms, though not necessarily those with the most power.
As Chicago's treasurer, I have always encouraged a robust public debate concerning the city's finances to ensure we make decisions that secure Chicago's long-term vitality. That's why it was so unfortunate to read yesterday's piece in the Crain's
Gender diversity on boards has also become a clear priority for institutional investors in 2017. Shareholders like State Street Global Advisors and BlackRock recently adopted new diversity policies or guidance on board diversity.
...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.
