There has been an overwhelming reaction to the girl since her arrival, with thousands of people taking to social media to express their support. We are encouraged by the positive response, as our goal was to raise awareness and drive a conversation around the need to improve gender diversity in corporate leadership roles.
As one of the largest investment managers in the world and a significant shareholder we believe that corporate 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.1
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 their board. And nearly 60% have fewer than 15% of their boards composed of women directors.2
Learn more below about our framework to help boards enhance female representation, and read a speech Ron O’Hanley delivered at the University of Delaware Corporate Governance Symposium on this topic.
1 Why Diversity Matters” McKinsey, Feb 2015.
2 Women on Boards: Global Trends in Gender Diversity on Corporate Boards” MSCI, Nov 2015.