Search
 
News

State Street Says Companies Must Have Women on Their Boards

In the next proxy season, the asset manager will invest only in businesses with at least one female board member, and will expect racial diversity on corporate boards, as well.

By Saijel Kishan | January 12, 2022 at 01:23 PM

State Street Global Advisors (SSGA), one of the world’s biggest asset managers, said all global companies in which it invests must have at least one woman on their board to gain the firm’s support during the upcoming proxy season. SSGA’s previous policy applied only to companies that are included in major indexes.

The asset manager, which oversees $3.9 trillion, also said it expects boards of companies in major indexes in the U.S., Canada, Britain, Europe, and Australia to have at least 30 percent women directors for the 2023 proxy-voting season, according to a letter posted Tuesday on its website.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

Work-from-Home Rates Drop

Work-from-Home Rates Drop

Zachary Fleming, Redd Brown & Ignacio Gonzalez |

The proportion of Americans working remotely is the lowest since the start of the pandemic.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.