Carter’s, Inc. – Executive Leadership Diversity (2019)
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, Carter’s 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. Carter’s does not disclose comprehensive workforce data, or disclose results of diversity initiatives. As a result, shareholders have insufficient information to determine if Carter’s has been successful in expanding diversity into senior roles over time. The lack of racial/ethnic diversity at the …
Ligand Pharmaceuticals – Board Diversity (2019)
WHEREAS: Ligand Pharmaceuticals has one woman on its Board of Directors, and the racial and ethnic diversity of the Board is unclear. Its peers, Merck, Eli Lily, and Roche Holdings each have three 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, …
Marathon Petroleum – Racial Diversity in Executive Leadership (2019)
WHEREAS: “We focus on building a diverse workforce by recruiting, hiring and promoting the most qualified candidates” – Marathon Petroleum 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 and to support strong community and employee relations. Currently, Marathon Petroleum has limited racial/ethnic diversity present 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. MPC has made progress in acknowledging the value of diversity and inclusion, but …
Borg Warner – Diversity in Executive Leadership (2019)
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, Borg Warner’s Strategy Board has one woman and an undeterminable number of people of color in leadership roles. The business case for workforce diversity is compelling. McKinsey & Company, for example, 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 CEOs had a tenure of at least three …
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 …
Facebook, Inc. – Independent Board Chairman (2019)
Resolved: Shareholders request the Board of Directors adopt as policy, and amend the bylaws as necessary, to require henceforth that the Chair of the Board of Directors, whenever possible, be an independent member of the Board. This independence policy shall apply prospectively so as not to violate any contractual obligations. If the Board determines that a Chair who was independent when selected is no longer independent, the Board shall select a new Chair who satisfies the requirements of the policy within a reasonable amount of time. Compliance with this policy is waived if no independent director is available and willing …
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