IQVIA Holdings Strengthens Director Recruitment Process with Enhanced Disclosures on Board Diversity
Boston, MA // (March 26, 2019) – Trillium Asset Management is pleased to announce that we have successfully withdrawn a shareholder proposal at life sciences company IQVIA Holdings, Inc. (NASDAQ: IQV). In January and in taking steps to ensure that women and racially diverse candidates are in the pool from which Board nominees are chosen, the Company agreed to embed a commitment to diversity inclusive of gender, race and ethnicity in its Corporate Governance Guidelines and 2019 proxy statement.
Additionally, we commend the company for appointing Carol J. Burt to its Board of Directors. Ms. Burt, appointed in February, has a proven track record of corporate board participation and governance within the life sciences industry. Her successful career in the health insurance industry and active membership in Women Corporate Directors expands the professional experience represented on the board.
Positive financial performance has been proven to consistently correlate with greater diversity in the board room and C- suite. We are certainly encouraged by signs of progress with women filling nearly one-third of new director openings in 2017. Yet, overall women and people of color account for approximately 20 percent and 11 percent of S&P 1500 directorships, respectively.
We are pleased with the productive and collaborative dialogue we had with IQVIA’s senior leadership regarding its governance practices. Carol J. Burt’s appointment demonstrates the Board’s commitment to draw from a diverse slate of Board nominees to find the best possible candidate.
Contact: Susan Baker, Trillium Asset Management, sbaker[at]trillliuminvest.com
Important Disclosure: This is not a recommendation to buy or sell any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. The specific securities were selected on an objective basis and do not represent all of the securities purchased, sold or recommended for advisory clients.