Investors want more women, minorities on corporate boards

July 2017. The Boston Globe.

“What do Amazon, Facebook, and Netflix have in common? Not a single person of color sits on their corporate boards. For that reason alone, the Massachusetts pension fund refused this year to support the slate of board nominees recommended by each company. When it comes to diversity in the boardroom, Treasurer Deb Goldberg, who also serves as chair of the state pension board, is taking a hard line. The state’s $66 billion pension fund is a shareholder in about 9,000 companies, and its new proxy voting guideline related to diversity means it voted against or withheld its vote in 69 percent of director elections this year. That’s up from 17 percent in 2012.”

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