State Street to target boards in Japan, Canada this year
Asset manager’s campaign reached more than 780 companies
The firm will also seek improved disclosure on diversity at all levels to boost the pipeline of senior female executives
In the year since State Street’s Fearless Girl statue started her showdown with Wall Street’s Charging Bull, the $2.6 trillion asset manager has faced a confrontation of its own in corporate boardrooms: pressing firms to add more women to their boards.
More than 150 companies State Street targeted for not having a female director as part of its Fearless Girl campaign have added at least one, it said Wednesday. The company sent letters and engaged in an unprecedented withholding of votes from directors responsible for nominating their colleagues at more than 400 companies.
www.bloomberg.com
Read More
0 comments:
Join the Conversation