Archive for April, 2013

Federal government unveils power panel to boost number of women on corporate boards

4/05/2013: Canada has created an advisory council to improve the percentage of women on corporate boards. 16 of the 23 council members will be women, including  former auditor general and Bombardier Inc. director Sheila Fraser, Venture Communications CEO Arlene Dickenson, former Ontario finance minister Janet Ecker, Canadian Federation of Independent ...

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Women Break Through as U.S. Boardrooms Welcome Non-CEOs

Bloomberg 4/04/2013: The appointment of Beth Comstock, marketing chief of General Electric Co., to a director position with Nike Inc. illustrates a shift in US boardrooms.  While merely 6% of new female directors in 2008 had not served as a CEO prior to joining a board, in 2012 the number ...

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Women on corporate boards better decision-makers than male directors: study

Financial Post 3/25/2013: The International Journal of Business Governance and Ethics recently published a survey which found that female directors were "less constrained" in their problem solving skills than male directors, more likely to consider the interests of multiple stakeholders, more likely to view fairness as important, more likely to ...

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From Morgan Stanley, Investing in Women on Corporate Boards

3/20/2013: A team within Morgan Stanley’s wealth management division has started a new portfolio, scheduled to start April 1, which will include only US companies with at least three female board members.  The portfolio is based on research by Credit Suisse, Catalyst, and McKinsey & Company, which have found financial ...

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Canada falling behind in putting women on corporate boards

In the wake of International Women’s Day (which began during the industrial boom of the early 1900s), a new report by TD Economics shows that Canada is losing ground in the number of women who sit on the country’s corporate boards. In a three-year period ending in 2011, its ranking ...

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Facebook appoints its first female independent director

Facebook appointed Susan Desmond-Hellmann, University of California San Francisco chancellor, to the social network’s board. Desmond-Hellmann oversees the university and medical center’s strategy and operations. Previously, she served as president of product development at Genentech. She is also a director at Procter & Gamble. http://newsroom.fb.com/News/579/Susan-Desmond-Hellmann-Joins-Facebook-Board-of-Director

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Key Metrics Series: Women on Boards

Gender diversity improves board functioning, and may also contribute to stock price performance in certain circumstances. GMI Analyst allows subscribers to identify companies whose boards are lagging with regard to female representation. GMI Analyst: ESG and Accounting Metrics for Investment Use: Women on Boards (March 2013)

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ASX KPMG Diversity Report 2013

AUSTRALIA:  This March 2013 report from KPMG tracks the compliance of all listed companies with the Corporate Governance Guidelines on gender diversity for Australian ASX listed companies. This important report covers the first full year on mandatory reporting, and as summarized in the press release, the report concludes that the outcomes ...

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ASX CGC Diversity Report – Media Release 2013

ASX CGC Diversity Report - Media Release 2013

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Women in the boardroom

New York, 6 March 2013 — Organizations would benefit from increased participation from shareholders on gender diversity discussions in the boardroom. This is according to the Deloitte Touche Tohmatsu Limited’s (DTTL)  third edition of a report from the Deloitte Global Center for Corporate Governance, "Women in the Boardroom: A Global Perspective." ...

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