Cambrex Corporation – Board Diversity (2019)
WHEREAS: Cambrex has only one woman on its Board of Directors, and the racial and ethnic diversity of the Board is unclear. Its peers, Catalent, Codexis, Thermo Fisher, Pacific Biosciences, and Lonza Group AG each have two or more women 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, state: “Diverse backgrounds and experiences on corporate boards, including those of directors who represent the …
Bank of New York Mellon – Executive Diversity (2019)
WHEREAS: “Our Diversity is our greatest strength” – Bank of New York Mellon, Global Diversity and Inclusion report 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, Bank of New York Mellon (BK) has limited racial/ethnic diversity on the executive team. Despite the strong business case for cultivating a diverse workforce, white males continue to dominate executive roles at Fortune 500 companies. BK has made progress in acknowledging the value of diversity and inclusion, but the company has failed to deploy this …
IQVIA Holdings, Inc. – Board Diversity (2019)
WHEREAS: IQVIA Holdings, Inc. has only one woman on its Board of Directors. Its peers, Agilent, Illumina, Thermo Fisher Scientific, and Waters Corp. each have two or more women 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, state: “Diverse backgrounds and experiences on corporate boards, including those of directors who represent the broad range of society, strengthen board performance and promote the creation …
Sealed Air – Board Diversity (2018)
WHEREAS: Sealed Air has one woman on its ten member Board of Directors, and the racial and ethnic diversity of the Board is unclear. One woman serves on its twelve member leadership team. Corporate leaders increasingly recognize the strong business case for board diversity. The association of chief executives of U.S. companies, the Business Roundtable (BRT), updated its Principles of Corporate Governance in 2016, stating: “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.” Ball Corporation CEO …
Ansys, Inc. – Board Diversity (2018)
WHEREAS: Ansys 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 increasingly recognize the strong business case for board diversity. The association of chief executives of U.S. companies, the Business Roundtable (BRT), updated its Principles of Corporate Governance in 2016, stating: “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.” Ball …
LogMein, Inc. – Board Diversity (2018)
WHEREAS: LogMeIn has no women on its Board of Directors, and the racial and ethnic diversity of the Board is unclear because the company does not disclose the racial and ethnic profile of its board nominees. 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 increasingly recognize the strong business case for board diversity. The association of chief executives of U.S. companies, the Business Roundtable (BRT), updated its Principles of Corporate Governance in 2016, stating: “Boards should develop a framework for identifying appropriately …
Alphabet, Inc. – Board Diversity (2018)
Google and Alphabet have come under heavy public scrutiny for the lack of diversity and equal pay amongst its employees. This prolonged and at times dramatic attention has come from the public-at-large, employees, investors, the press, and the government. The Department of Labor is currently investigating Google for violating federal employment laws by permitting pay differences to occur between men and women in the company. In August 2017, the issue reached crisis levels when a Google engineer posted a memo questioning the company’s diversity efforts. The Wall Street Journal described the episode as a “firestorm”. As the first major Silicon …
Xilinx – Board Diversity (2017)
WHEREAS: Xilinx has 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. The 2012 Credit-Suisse Research Report Gender Diversity and Corporate Performance links board diversity to better stock market and financial performance (higher return on equity, lower leverage, and higher price/book ratios). It suggests several explanations for this better performance including a stronger mix of leadership skills, improved understanding of consumer preferences, a larger candidate pool from which to pick top talent, and more attention to risk. In …
Dentsply – Board Diversity (2017)
WHEREAS: Dentsply Sirona does not have any women 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. The 2012 Credit-Suisse Research Report Gender Diversity and Corporate Performance links board diversity to better stock market and financial performance (higher return on equity, lower leverage, and higher price/book ratios). It suggests several explanations for this better performance including a stronger mix of leadership skills, improved understanding of consumer preferences, a larger candidate pool from which to pick top talent, and more attention …
Stifel Financial – Board Diversity (2016)
WHEREAS: Stifel Financial does not have any women 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. Stifel Financial states that it “nurtures a culture that values the diversity of its work force”. Yet, the company noticeably lags its peers on board diversity. Raymond James Financial, Charles Schwab and Piper Jaffray each have two women directors on their boards. Greenhill & Co. has one woman on its board. Ninety-two percent of S&P 500 boards include at least one woman; the …
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