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.
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.
Standardized disclosure framework to drive greater transparency on corporate governance
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.
The annual Census of women directors and executive officers plays a major role in The Boston Club’s Corporate Board Program, focusing attention on the identification and development of a vital pool of female expertise for corporate leadership positions.
...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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