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 …
Facebook – Risk Oversight Committee (2018)
Resolved: Shareholders request Facebook’s Board issue a report discussing the merits of establishing a Risk Oversight Board Committee (at reasonable cost, within a reasonable time, and omit confidential and proprietary information). Supporting Statement: According to an article published by The Conference Board in the Harvard Law School Forum on Corporate Governance and Financial Regulation: A risk committee fosters an integrated, enterprise-wide approach to identifying and managing risk and provides an impetus toward improving the quality of risk reporting and monitoring, both for management and the board. This approach can assist the board in focusing on the “big picture.” A risk …
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 …
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