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.
OSLO (Reuters) - Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, wants the companies it invests in globally to boost the number of women on their boards and to consider setting targets if fewer than 30% of their directors are female, top fund officials told Reuters.
Exchange acts as investors and regulators seek better representation of wider range of people
Nasdaq is moving to increase diversity on the boards of its listed companies amid growing pressure from investors and state laws for greater inclusion of under-represented groups – or at least disclosure around the issue.
The Carlyle Group’s diversity effort is part of an “integrated approach to building better businesses,” said Carlyle’s chief executive, Kewsong Lee
The private equity firm Carlyle Group plans to announce on Wednesday a $4.1 billion credit line for its portfolio companies that will tie the price of debt to the diversity of a company’s board, the DealBook newsletter reports.
A bold proposal by the Nasdaq stock exchange early this month may give U.S. corporate boards the biggest nudge yet to seat diverse directors increasingly seen as key to both good business and social justice as investors across industries focus more on melding the two.
...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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