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State Street to 3,500 boards: embrace gender diversity

Joe Mont | March 9, 2017

To commemorate International Women’s Day on March 8, and celebrate the one-year anniversary of its Gender Diversity Index ETF, State Street Global Advisors is calling upon more than 3,500 companies it invests in “to take intentional steps to increase the number of women on their corporate boards.”

Companies that SSGA, the asset management business of State Street Corporation, invests in on behalf of clients represent more than $30 trillion in market capitalization. As part of the campaign, it commissioned a statue of a young girl, representing the future, installed on Wall Street to face off against its famous bull statue.

“We believe good corporate governance is a function of strong, effective and independent board leadership," said Ron O’Hanley, president and chief executive officer of SSGA, said in a statement. “A key contributor to effective independent board leadership is diversity of thought, which requires directors with different skills, backgrounds and... To get the full story, subscribe now.