Archive for May, 2015

Australia: Executive Search Firm Adopts Gender Diversity Code of Conduct

March 2015. Crown & Marks, an executive search firm in Australia, recently announced that it will adhere to a voluntary Code of Conduct in response to Recommendation 8 in the Davies Review on Women on Boards. The code lays out ten principles to guide the company in its promotion of ...

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Australian Institute of Company Directors Calls for Boardroom Diversity

May 2015. The Australian Institute of Company Directors (AICD),  a voluntary association of directors of both publicly traded and private companies, recently released an announcement calling on all boards to ensure that 30% of their directors are female. The release urges S&P/ASX200 companies to meet this new target by the ...

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SEC Commissioner On Boardroom Diversity

May 2015. SEC Commissioner Kara Klein recently gave a speech at a Treasury Department Symposium on Women in Finance where she discussed boardroom composition.  The Commissioner did not say anything new about boardroom diversity, and did not critique the present disclosure rules.  Instead, she argues that if there were a universal proxy ...

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What Norway Can Teach the US About Getting More Women into Boardrooms

May 2015. Norwegian quotas for gender diversity among board members were the first such laws implemented in the world. New research shows that Norway's quota requirement has greatly benefited the workforce and the way that companies do business, and that the country may have much to teach the US about boardroom diversity. Read the article from ...

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Germany: A Woman’s Place is in the Boardroom

May 2015. A new German law, which was approved by the lower chamber of the Bundestag in March and went into effect on May 1st, requires the top 108 companies in the country to achieve 30% female board representation by 2016. Many are doubting whether corporate culture or German society will ...

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EBay Revises Governance Guidelines for Board Diversity

March 2015.  New York State Common Retirement Fund and Trillium Asset Management withdrew a shareholder proposal at eBay Inc. after the company agreed to revise its governance guidelines to include gender and racial diversity among qualities it seeks in its board directors. The company also nominated two new female directors, Gail McGovern ...

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Public Pension Funds Ask SEC for Boardroom Diversity Disclosure

March 2015. Officials representing public pension funds from nine states have signed a letter to the Securities and Exchange Commission requesting the organization to update its board nominee disclosure rules. The representatives of California, North Carolina, Ohio, Illinois, New York and Connecticut, representing $1.12 trillion in investment assets, called for ...

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Investor BlackRock Favors Boardroom Diversity

May 2015. Institutional investor BlackRock takes board diversity into account when determining whether it will vote its shares in favor of the candidates proposed for election to the board. Read the InvestmentNews article here (behind a paywall).

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