Enhancing Gender Diversity on Boards

Enhancing Gender Diversity on Boards

In issuing the new gender diversity guidance, State Street Global Advisors is trying to drive board diversity through an active dialogue and engagement with company and board leadership.

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State Street Global Advisors is issuing new gender diversity guidance to the more than 3,500 companies we invest in across three major regions (US, UK and Australia), designed to increase the number of women on corporate boards. As one of the largest investment managers in the world and a significant shareholder we believe that board diversity enhances board quality and effectiveness as it brings together directors with different skills, backgrounds and expertise.

Certain research shows that companies with greater levels of gender diversity have had stronger financial performance as well as fewer governance-related issues such as bribery, corruption, shareholder battles and fraud. A January 2017 report by the Conference Board suggests that the reason for the outperformance is largely attributed to the outside perspectives brought into the boardroom by adding women to the board.

Although there has been some progress made on the inclusion of women on corporate boards, still one out of every four Russell 3000 companies do not have even one woman on their board.  And nearly 60% have fewer than 15% of their boards composed of women directors.

In issuing the new gender diversity guidance, State Street Global Advisors is trying to drive board diversity through an active dialogue and engagement with company and board leadership.  Learn more about our framework to help boards enhance female representation.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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