Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

New York pension fund will vote against boards with no women directors

Joe Mont | April 6, 2018

New York State Comptroller Thomas DiNapoli has announced that the New York State Common Retirement Fund plans to vote against all board directors standing for re-election at companies that have no women on their boards.

In situations where a company has just one woman on its board, the fund will vote against members of the board's governance committee standing for re-election. DiNapoli also recently announced agreements with four Fortune 500 companies to formally include gender and racial diversity in their considerations of board candidates.

“It is unconscionable that hundreds of publicly-held U.S. companies have no women directors,” DiNapoli said in a statement. “We're putting all-male boardrooms on notice: Diversify your boards to improve your performance.”

“There is ample research that board diversity benefits companies,” he...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.