Latest guidance by the UK pensions watchdog has urged chairs to play a key role in making boards more diverse and inclusive.
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Companies could be delisted if they fail to meet ‘comply or explain’ requirement The Council of Institutional Investors (CII) has thrown its weight behind Nasdaq’s proposal that would require companies to disclose board diversity or potentially face delisting. In a letter filed with the Securities Exchange Commission on 30 December, the non-profit association of US […]
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Investors declare “a change is gonna come” Asset owners and fund management groups are pressuring their portfolio companies to look at the makeup of their leadership teams in the wake of the Black Lives Matter protests. The under-representation of non-white ethnicities in the boardroom has been a concern for investors for some time, but the […]
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UK reporting watchdog issues diversity warning The majority of the UK’s leading companies are failing to act on boardroom ethnic diversity, a major report by the Financial Reporting Council (FRC) reveals. The report, which reveals most of the FTSE 350 do not set measurable ethnicity targets, has fuelled concerns that companies will fail to meet […]
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Board Diversity: SEC Clarifies Reg S-K Disclosures The staff of the US Securities and Exchange Commission (SEC) has issued two new Compliance & Disclosure Interpretations (116.11 & 133.13) focussing on how companies should consider board diversity in their Regulation S-K disclosures. The interpretations clarify when “self-identified diversity attributes” of directors and director nominees should be disclosed in […]
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The Hampton-Alexander Review published its third annual report on 13 November. The report found that a quarter of FTSE 350 companies have only one woman on their board, described as “one & done” boards, and there remain five all-male boards. The five companies are Millennium & Copthorne, Daejan Holdings, Amigo Holdings, Herald Investment, and JP […]
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As the UK Government moves towards more detailed legislative proposals for enhancing corporate governance, it has published a list of “some of the worst excuses for not appointing women to FTSE boards”. Around 30% of FTSE350 companies have few or no women on their boards or in senior roles. According to the research, which is being published as […]
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Data released by the UK government to mark International Women’s Day this week (8th March) revealed record numbers of women are on boards of FTSE 100 companies. These figures show 309 positions – almost 29% – of FTSE100 board positions are held by women, up from 12.5% in 2011. In FTSE 350 companies, the number […]
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Paul Polman, chief executive of Unilever, Hiro Mizuno, chief investment officer of the Japanese Government Pension Investment Fund and Brenda Trenowden, global Chair of the 30% Club, opened the market at the London Stock Exchange on Friday (2nd February) as part of an event to mark the growth of its investor group membership. The 30% club which […]
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Malaysia is close to achieving its target of getting women on the boards of all of its top 100 companies its Securities Commission (SC) has announced. When the Malaysian code on corporate governance (MCCG) was published in April last year the SC said it wanted to have no all-male boards on the top 100 companies by […]
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