Initiatives
Last June, the Coalition sent a letter to 41 companies within the S & P 500 Index that do not have women on their boards. Since that time, members of the coalition have been engaged in dialogue with several of those companies and have also filed shareholder resolutions with some of the companies, asking them to commit to gender diversity on their boards.
A similar letter has been sent to the 127 companies within the Russell 1000 – essentially the largest 1,000 companies in the U.S. – that do not have any women on their boards (see attached list). In the letter, the signatories cite studies demonstrating a correlation between greater gender diversity among corporate boards and management, good corporate governance and long-term financial performance.
