One of the most important ways managers can support aspiring leaders is though developmental feedback; that is, feedback focused on growth opportunities. However, not all developmental feedback is created equal.
While progress continues to be made, hundreds of US public companies still have an all-male board of directors. Only about 10 percent of S&P 500 companies explicitly disclose individual directors’ race (ethnicity), and 8 out of 10 of those board members are white.
A slowdown in the pace of change
MSCI ESG Research LLC has reported annually on the state of women’s representation on corporate boards since 2009. The 2020 progress report provides an overview of gender diversity at the corporate boards and C-suites of the 2,907 constituents of the MSCI ACWI Index as of Oct. 30, 2020.
Driving diversity at corporations is a strategy that webelieve is directly linked to value creation and is a concrete action that investors can encourage.
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