An unprecedented bill aimed at bringing gender diversity to corporate boards is heading to California Gov. Jerry Brown’s (D) desk after a state Senate vote Thursday.
If Brown signs it, the bill,
WASHINGTON D.C. / CHICAGO – August 27, 2018 – Today, Impact Shares and YWCA USA launch a first-of-its-kind ETF on the NYSE for investors to take action in the women’s empowerment movement.
California is moving toward becoming the first state to require companies to have women on their boards—assuming the idea could survive a likely court challenge.
Sparked by debates around fair pay, sexual harassment and
The New York City Pension Funds’ (NYC Funds) “Boardroom Accountability Project 2.0” (BAP 2.0), an initiative that pushes for electing more diverse directors on the boards of public companies, has achieved engagement with over 85 of the 151 U.S. companies it has targeted, since the inception of the campaign. Over 35 of those companies are now disclosing
Despite recent advances in female board participation globally, gender diversity among top executives remains disappointingly low across all markets, with some improvement discerned in the past few years. Moreover, there does not appear a correlation between board gender diversity and gender diversity in the C-Suite at the market level.
...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.
