kpmgAs boards seek to improve their effectiveness and consider how best to carry out their oversight role amid rapid change and shifting expectations, diversity—of skills, background, and experience—must be top of mind. Institutional investors and other stakeholders, including employees and customers, continue to focus

Coalition Pushes Board Diversity Benefits and Best Practices; Urges Region’s Companies to Appoint More Women and People of Color to Boards of Directors

HARTFORD, CT ― Today, Connecticut State Treasurer Shawn T. Wooden30PC LogoMobileMember, along with institutional investors from states across the region, announced the Northeast Investors’ Diversity


The study finds that firms with female CFOs are more profitable and generated excess profits2 of $1.8T over the study horizon.

Key Takeaways

  • Firms with female CEOs and CFOs have produced superior stock price performance, compared to the market average.

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In the last five years, we’ve seen more women rise to the top levels of companies. An increasing number of companies are seeing the value of having more women in leadership, and they’re proving that they can make progress on gender diversity. This is an important step in the right direction.

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

...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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