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The Thirty Percent Coalition is a pioneering advocate for increased gender, racial and ethnic diversity on corporate boards and in senior leadership. Our vision is for senior leadership and boards of directors to reflect the gender, racial, and ethnic diversity of the United States workforce. Our mission is to increase diversity in boardrooms and senior leadership at both public and private companies through investor engagement and collaborative action. Our focus is on the demand side – collaboratively influencing companies to open their boardroom and C-Suite doors to diversity as they select candidates with skill sets matched to their corporate strategies.
Founded in 2011, the Coalition has grown from a handful of investors to a national forum with more than 90 institutional investors, state treasurers, corporations, professional services firms, advocacy groups, private equity firms, and individuals representing more than $8 trillion in assets under management. By working together, Coalition members reinforce their own diversity efforts, share best practices, learn from one another, and have greater power to change the composition of boardrooms and senior leadership across the nation.
The Thirty Percent Coalition provides a national forum for members to collaborate and share investor-driven strategies. These strategies create more demand for diverse candidates on corporate boards and in senior leadership.
We provide several opportunities for members to communicate, share ideas and insights, learn best practices and work together as peers. Alongside our members, we create solutions and strategies that increase racial, ethnic and gender diverse participation on corporate boards. Working together helps us all multiply our influence.
To date, the Coalition and its members have worked tirelessly on the following campaigns and initiatives:
Over the past decade, the Coalition has grown from a handful of investors to a national forum that facilitates unique collaboration among members representing over $8 trillion in assets under management. Our engagement with companies (both as a Coalition and in partnership with our institutional investors, asset managers and asset owners), is the key to much of the diversity progress made over the past decade. Together, we have accelerated the advancement of women to boardrooms, C-Suites and other leadership roles across the United States.
The Coalition is recognized nationally for its work and is often called upon by the SEC, Nasdaq, public officials and others for insight and guidance into investor trends and initiatives.
The Thirty Percent Coalition was formed in 2011 when 27 industry leaders (senior executives, national women’s organizations, institutional investors, corporate governance experts and board members) gathered to address the lack of gender diversity in corporate boardrooms.
We recognized that the supply of board-ready female candidates was not the issue. The Thirty Percent Coalition was formed to increase demand for diverse leaders. We worked with one goal in mind: to influence companies to increase the number of women in their corporate boardroom.
The Thirty Percent Coalition launched with the goal to increase female representation on corporate boards to 30%. At that time, women made up only 12% of corporate board leaders. Now, the business case for board diversity is widely accepted, as evidence consistently demonstrates the compelling correlation between board diversity and improved shareholder value and company performance.
Women have also made progress in the boardroom. Among companies making up the Russell 3000 index, women now represent nearly 30% of board seats. Almost half of new board placements are women.
While much has been accomplished, much work remains. Although Black, Latino, and Asian professionals are making progress on corporate boards and in senior leadership, they continue to be significantly underrepresented compared to the wealth of talent and the overall population.
The Coalition provides a critical platform to accelerate change. As we build on the work and diversity progress that’s been made, we will continue to provide a forum where members can create practical, meaningful solutions to increase racial, ethnic and gender diverse participation on corporate boards.
Renaye Manley
Board Secretary
Deputy Director, Strategic Initiatives, Service Employees International Unions
Allison Herren Lee
Senior Adviser
Adjunct Professor and Senior Research Fellow, New York University School of Law
Over the past decade, the Coalition has grown from a handful of investors to a national forum that facilitates unique collaboration among members representing over $8 trillion in assets under management. Our engagement with companies (both as a Coalition and in partnership with our institutional investors, asset managers and asset owners), has been the key to much of the diversity progress made over the past decade. Together, we have accelerated the advancement of women to boardrooms, C-Suites and other leadership roles across the United States.
The Coalition is recognized nationally for its work and is often called upon by the SEC, Nasdaq, public officials and others for insight and guidance into investor trends and initiatives.
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