IPG Photonics Corp– Diversity Goals (2023)
We believe that diversity, inclusive of gender and race, are critical attributes of a well-functioning executive team and necessary to meaningfully drive diversity throughout an organization. The business case for workforce diversity is compelling. McKinsey & Company found in 2015, 2017, and 2019 that companies with highly diverse executive teams had higher returns on equity and earnings performance than those with low diversity.[1] Further, McKinsey reports an increased likelihood of financial outperformance in each successive study. ISS Analytics examined companies where the CEO had a tenure of at least three years and found companies that combined gender diversity in the …
Ormat Technologies, Inc. – Racial Justice Audit (2022)
WHEREAS: Ormat Technologies has one woman on its Board of Directors and racial and ethnic diversity is not disclosed. We believe that diversity among directors, inclusive of race, ethnicity, and gender, is a critical attribute of a well-functioning board and a measure of sound corporate governance. Corporate leaders recognize the strong business case for board diversity. The Guiding Principles of Corporate Governance of the Business Roundtable, an influential association of chief executives, affirms diversity enhances long-term shareholder value and states: “Boards should develop a framework for identifying appropriately diverse candidates, which asks the nominating/corporate governance committee to consider women and/or …
Paycom Software, Inc.- Board/Executive Diversity (2021)
WHEREAS: We believe that diversity, inclusive of gender and race, are critical attributes of a well-functioning executive team and necessary to meaningfully drive diversity throughout an organization. PayCom Software’s management team has no women and an undeterminable number of people of color. The business case for workforce diversity is compelling. McKinsey & Company found in 2015, 2017, and again in 2019 that companies with highly diverse executive teams had higher returns on equity and earnings performance than those with low diversity. Further, McKinsey reports an increased likelihood of corporate financial outperformance in each successive study. ISS Analytics examined companies where the …
Autodesk – Board/Executive Diversity (2021)
WHEREAS: We believe that diversity, inclusive of gender and race, are critical attributes of a well-functioning executive team and necessary to meaningfully drive diversity throughout an organization. Currently, Autodesk’s executive team has an undeterminable number of people of color. The business case for workforce diversity is compelling. McKinsey & Company found in 2015, 2017, and again in 2019 that companies with highly diverse executive teams had higher returns on equity and earnings performance than those with low diversity. Further, McKinsey reports an increased likelihood of corporate financial outperformance in each successive study. ISS Analytics examined companies where the CEO had a …
SBA Communications – Executive Leadership Diversity (2021)
WHEREAS: We believe that diversity, inclusive of gender and race, are critical attributes of a well-functioning executive team and necessary to meaningfully drive diversity throughout an organization. Currently, the leadership team of SBA Communications has no gender diversity. The business case for workforce diversity is compelling. McKinsey & Company found in 2015, 2017, and again in 2019 that companies with highly diverse executive teams had higher returns on equity and earnings performance than those with low diversity. Further, McKinsey reports that the likelihood of financial outperformance has strengthened over time. ISS Analytics examined companies where the CEO had a tenure …
IPG Photonics – Board/Executive Diversity (2021)
WHEREAS: We believe that diversity, inclusive of gender and race, are critical attributes of a well-functioning executive team and necessary to meaningfully drive diversity throughout an organization. Currently, IPG Photonics’ management team has no women and an undeterminable number of people of color. The business case for workforce diversity is compelling. McKinsey & Company found in 2015, 2017, and again in 2019 that companies with highly diverse executive teams had higher returns on equity and earnings performance than those with low diversity. Further, McKinsey reports an increased likelihood of financial outperformance in each successive study. ISS Analytics examined companies where …
First Solar – Board Diversity (2021)
WHEREAS: Racial and ethnic diversity is undeterminable on First Solar’s Board of Directors. We believe diversity, inclusive of race, ethnicity, and gender, is a critical attribute of a well-functioning board and a measure of sound corporate governance. Corporate leaders recognize the strong business case for board diversity. The Guiding Principles of Corporate Governance of the Business Roundtable, an influential association of chief executives, state: “Boards should develop a framework for identifying appropriately diverse candidates that allows the nominating/corporate governance committee to consider women, minorities and others with diverse backgrounds as candidates for each open board seat.” Benefits associated with board …
Hanover Insurance Group – Executive Leadership Diversity (2020)
WHEREAS: We believe that diversity, inclusive of gender and race, are critical attributes of a well-functioning executive team and necessary to meaningfully drive diversity throughout an organization. Currently, Hanover Insurance Group has limited racial or ethnic diversity on its Executive Leadership Team. The business case for workforce diversity is compelling. McKinsey & Company, found in 2015, and in a larger study in 2017 that highly diverse executive teams had higher returns on equity and earnings performance than those with low diversity. ISS Analytics examined companies where the CEO had a tenure of at least three years, and found companies that …
IPG Photonics – Executive Leadership Diversity (2020)
WHEREAS: We believe that diversity, inclusive of gender and race, are critical attributes of a well-functioning executive team and necessary to meaningfully drive diversity throughout an organization. Currently, IPG Photonics management team has no woman and an undeterminable number of people of color. The business case for workforce diversity is compelling. McKinsey & Company, found in 2015, and in a larger 2017 study that highly diverse executive teams had higher returns on equity and earnings performance than those with low diversity. ISS Analytics examined companies where the CEO had a tenure of at least three years and found companies that …
SBA Communications – Board Diversity (2020)
WHEREAS: SBA Communications has only one woman on its Board of Directors. We believe that diversity, inclusive of gender and race, is a critical attribute of a well-functioning board and a measure of sound corporate governance. Corporate leaders recognize the strong business case for board diversity. The Guiding Principles of Corporate Governance of the Business Roundtable, an influential association of executives, state: “Boards should develop a framework for identifying appropriately diverse candidates, which asks the nominating/corporate governance committee to consider women and/or minority candidates for each open board seat.” Benefits associated with board and management diversity include a larger candidate …
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