Diverse Boards Propel Successful Companies -- Three Strategies To Expand Pipelines [Forbes]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: Forbes
Diverse Boards Propel Successful Companies -- Three Strategies To Expand Pipelines Getty Last year, California mandated that every publicly-traded company, with headquarters in the state, have at least one woman on its board by the end of 2019. By 2021, companies with at least five directors will be required to have two or three women While this quota is the first enforced in the United States, similar legislation is common in Europe. Norway, for example, requires boards to be 40% female Iceland, Spain, and France Equilar Index Driving the uniformity in board composition are antiquated recruitment practices. “An overwhelming majority of companies turn to their own directors for board member recommendations,” explains Although reliance on familiar individuals in existing networks assures a level of qualification and competence among board members, the practice ultimately limits the breadth of skills and experiences that guide a company’s governance. Below are recommendations for how
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- 4/16/24 - Beat
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