Nasdaq Takes Aim At All-White, Male Company Boards With Diversity Proposal
4 years ago

Nasdaq Takes Aim At All-White, Male Company Boards With Diversity Proposal

NPR  

Nasdaq Takes Aim At All-White, Male Company Boards With Diversity Proposal Enlarge this image toggle caption Mark Lennihan/AP Mark Lennihan/AP Nasdaq wants to require the more than 3,000 companies listed on its stock exchange to improve boardroom diversity by appointing at least one woman and at least one minority or LGBTQ+ person to their boards. "We believe this listing rule is one step in a broader journey to achieve inclusive representation across corporate America," said Adena Friedman, president and CEO of NASDAQ, in the statement from the exchange. Sponsor Message Women and minorities are still badly underrepresented in the citadels of corporate power, and three-quarters of listed companies would not currently meet the new diversity standards, according to Nasdaq. Gavin Newsom recently signed a bill requiring companies headquartered in the state to have at least one minority on their boards, while Goldman Sachs has said it won't take a company public unless at least one minority group member sits on its board.

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History of this topic

Why women are in Britain’s boardrooms – but not in the top jobs
1 week, 2 days ago

Why women are in Britain’s boardrooms – but not in the top jobs

The Independent  

There is no doubt that the cause of women at the top of British business has advanced considerably in recent years. In its 2024 UK Board Index, headhunter Spencer Stuart reports: “There has been significant progress in female representation in senior board roles.” With just a year left until the deadline to meet the FTSE Women Leaders Review target for …

Corporates Talk Up Diversity, But Boards Stay Stubbornly Male: How Biz Can Bring In More Women
4 months, 3 weeks ago

Corporates Talk Up Diversity, But Boards Stay Stubbornly Male: How Biz Can Bring In More Women

ABP News  

By Manjari Das The underrepresentation of women on corporate boards remains a persistent issue, with progress proving as difficult as moving the needle on a stubborn gauge. Despite increased awareness and initiatives promoting diversity, women don’t wield substantial influence in decision-making processes. Businesses must establish effective mentorship and sponsorship programmes to help women advance to senior leadership positions, increasing the …

Inclusivity in corporate board rooms: comparing Europe and India
5 months ago

Inclusivity in corporate board rooms: comparing Europe and India

The Hindu  

Sinha, S.N., Rajpal, H. and Girisha, G., ‘Gender Diversity on the Board of Indian Companies: A Policy Gap’, Economic & Political Weekly, Vol 59, Issue No. Although there is evidence of a positive correlation between gender diversity on boards and enhanced corporate outcomes, the global gender gap persists, often due to entrenched “old boy networks” within companies. In India, the …

Women's Quota in listed companies having an effect: CPB
9 months, 1 week ago

Women's Quota in listed companies having an effect: CPB

NL Times  

The women’s quota for supervisory boards of listed companies in the Netherlands is having an effect. It states that at least one-third of the members of listed companies’ supervisory boards must be women, and companies must make appointments aimed at achieving this quota. Before the law was announced, less than 35 percent of listed companies had 33 percent women on …

Large firms lacking board level diversity risk ‘toxic’ cultures, group warns
1 year, 6 months ago

Large firms lacking board level diversity risk ‘toxic’ cultures, group warns

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The UK’s biggest listed companies lack employee representation and …

Glass ceiling still firmly in place in listed Dutch companies
1 year, 11 months ago

Glass ceiling still firmly in place in listed Dutch companies

NL Times  

Despite all the covenants and promises around gender equality, the glass ceiling is still firmly in place at the Netherlands' largest and medium-sized listed companies. There must be more.” The Netherlands has a “grow-in” quota for supervisory boards - if a Commissioner leaves, a woman must succeed them until at least a third of the supervisory board is made up …

More women in board positions in the financial sector
1 year, 11 months ago

More women in board positions in the financial sector

NL Times  

Companies in the financial sector increased the proportion of women on their boards further in 2022, though women are still under-represented in top functions like CEO and CFO. Last year, companies in the financial sector appointed an equal number of women and men to their boards, increasing the percentage of women in boardrooms from 37 percent in June 2022 to …

New EU quota for women in top positions more ambitions than Dutch one
2 years, 1 month ago

New EU quota for women in top positions more ambitions than Dutch one

NL Times  

The European Parliament approved a new quota for women in top positions on Tuesday that is somewhat more ambitious than the pre-existing quota in the Netherlands. From 2026, 40 percent of large European companies’ supervisory boards must consist of women. The Dutch quota, which took effect at the start of this year, states that one-third of large companies’ supervisory boards …

California outlawed the all-white-male boardroom. That move is reshaping corporate America
3 years, 2 months ago

California outlawed the all-white-male boardroom. That move is reshaping corporate America

LA Times  

“The ripple effect has gone across the nation,” Betsy Berkhemer-Credaire, CEO of 50/50 Women on Boards, says of California’s mandates on women and people of color serving on corporate boards. Even as the courts signal the new rules could collapse legally, the requirements that every public company headquartered in the state have women and members of traditionally underrepresented groups on …

No excuse for gender inequality, sexism on IWD 2021, say corporate leaders
3 years, 9 months ago

No excuse for gender inequality, sexism on IWD 2021, say corporate leaders

ABC  

Women across corporate Australia are calling for an end to the ridiculous excuses they hear as to why they should not be promoted or paid the same as men. Lendlease director Nicola Wakefield-Evans says there's too many "egregious examples" of how we treat women disproportionately different. "It's so endemic; so common, and it puts women in terrible position of disadvantage," …

The Future is Female: Norway's Wealth Fund Wants More Women on Boards
3 years, 10 months ago

The Future is Female: Norway's Wealth Fund Wants More Women on Boards

News 18  

Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, wants the companies it invests in globally to boost the number of women on their boards and to consider setting targets if fewer than 30% of their directors are female, top fund officials told Reuters. “What we want to see is better representation of women on the boards,” added Carine Smith …

In Germany's Landmark Law, Large Companies Must Include Women on Their Executive Boards
3 years, 11 months ago

In Germany's Landmark Law, Large Companies Must Include Women on Their Executive Boards

News 18  

German listed companies must include women on their executive boards as part of a landmark bill agreed by the country’s coalition government Wednesday after voluntary efforts failed to close a gender gap. Just 12.8 percent of management board members at Germany’s 30 largest listed companies — those in Frankfurt’s blue-chip DAX index — are women, according to the AllBright Foundation, …

Column: Nasdaq steps into 21st century by requiring women and minorities on corporate boards
4 years ago

Column: Nasdaq steps into 21st century by requiring women and minorities on corporate boards

LA Times  

Nasdaq has just put its money where its mouth is by proposing to require its listed companies to have at least two “diverse” directors, including at least one woman and one minority or LGBTQ director, or face being kicked off the exchange. Minow calls the Nasdaq proposal “a very small step forward—almost infinitesimal—but a good one and exactly what they …

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