Archive for May, 2014

United States: Gender Diversity Among CEOs at Fortune 1000 Companies Inches Upwards

Gender diversity has improved slightly at the CEO level of the largest U.S. companies. Of the Fortune 1000, two companies announced this month that they will appoint women CEOs. Reynolds American, the second-largest American tobacco company, appointed Susan M. Cameron as CEO, replacing Daniel M. Delen. Susan N. Story became ...

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United States: DiNapoli Takes on Board Diversity at Urban Outfitters

Urban Outfitters shareholders vote next Tuesday, June 3 on a resolution that requests the company improve the diversity of its board. In a press release from New York State comptroller Thomas P. DiNapoli noted that the nomination of the spouse of Urban Outfitters' CEO does not do enough to address diversity ...

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United States: It’s Time for a Governance Makeover (Opinion)

Thomas DiNapoli, Scott Stringer, Anne Simpson, Denise Nappier and Janet Cowell argue that it is time for a corporate governance makeover, particularly because shareholders are calling for boards to take action to increase diversity. To access the full piece, please click here. DiNapoli is the New York state comptroller and trustee ...

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Australia: Korn Ferry Institute Report on Pathways to Directorship for Women

The Korn Ferry Institute issued a report, Beyond ‘if not, why not’ the pathway to directorship for women in leadership, thatsurveyed 57 female directors in Australia. The female directors were appointed to listed boards after 2010, when the Australian Securities Exchange (ASX) introduced changes to its Corporate Governance Principles and ...

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United States: 30% Club Could Work in US with Better Defined Objectives (Opinion)

The premise of the 30% Club could work in the United States, but needs better defined objectives, argues Michelle Duguid, PhD, assistant professor of organizational behavior at the Olin Business School at Washington University at St. Louis. Dr. Duguid is author of the paper “Female Tokens in High-Prestige Work Groups: ...

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Canada: “Comply or Explain” Makes Sense (Opinion)

In an opinion piece regarding  a proposed initiative of the Ontario Securities Commission (OSC), legal, compliance, and corporate services executive Antoinette Bozac writes that the initiative's stance of "comply or explain" would further advance Canada's stance on including more women in the boardroom. As Bozac notes, "the 'comply-or-explain' model proposed ...

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Croatia: Number of Women in Corporate Management Positions Growing

A survey presented at the Croatian Employers' Association (HUP) shows that though women are still underrepresented in corporate management positions, the share of women in management positions in the corporate sector has grown by 24.17% since 2011. The proportion of women in management, steering, and supervisory boards is 24.25% compared ...

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India: Demand for 1,000 Women to Fill Company Board Positions by October 1

Last year, the Securities and Exchange Board of India, India’s SEC, mandated that all publicly-traded companies must have at least woman director.  Suddenly, companies are taking the mandate seriously. Access the full article here.

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