The boards or nominating committees of Washington public companies should promptly review the new requirements imposed by the WBCA amendment and determine how best to comply. Given the ongoing attention by legislatures, institutional investors and shareholders on board diversity,
Our research has repeatedly shown that gender and ethnic
By promoting divergent viewpoints, board diversity contributes to more deliberative decision-making processes and more effective governance.
As part of the effort to research long-term value creation across the investment value chain, FCLTGlobal has reached a significant and surprising finding: board gender diversity is as important as revenue growth in predicting a company’s long-term success.
EXCERPT
Diversity on the Board 60 Shareholder proponents remain keenly interested in making the corporate boardroom more diverse—for reasons of both equity and performance. Almost all these resolutions get withdrawn after companies agree
...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.
The Coalition is powered by
