The US ratings agency recommends voting against directors of firms without racially or ethnically diverse board members from 2022. But details are lacking.
Despite a lack of clear guidelines, Russell 3000 and S&P 1500 boards will need to demonstrate diversity or risk anti-management proxy votes.
In the wake of a turbulent year where racial inequalities in America rocked the nation with ripple effects from Main Street to Wall Street, ISS is making history by becoming the first ESG rating agency to take a hard stance to increase ethnic and racial diversity in publicly traded American companies.
The impact is clear: corporations can no longer merely talk the talk when it comes to diversity and inclusion. Indeed, they have a little more than a year to get their boards looking a lot more li
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
The boards of global financial institutions must have the expertise, diversity and operational understanding to ensure effective oversight, but they must start by setting the company's culture and strategy.
Register to receive free article views and resource downloads, plus all the latest news alerts straight to your inbox. Register