A good board of directors should know where it has blind spots. Companies lacking the right mix of talent, experience and perspectives may miss opportunities, ignore threats and fail to hold management accountable.
Many US corporate boards today lack gender diversity. Among companies in the Russell 3000 index, just 18.5 per cent of directors are women. Even worse, one-sixth of companies have no female board members. Just 41 have reached gender parity. Incremental gains have been made, but change remains slow. This is why the Teachers Insurance and Annuity Association of America is making a concerted effort to push boards to be more gender inclusive.
> Read the full article on the Financial Times website
By Roger Ferguson
Source: Financial Times
Unilever is kickstarting a global target to ensure that anyone who provides goods and services to the company earns at least a living wage or income, by 2030. In line with this, the company aims to spend €2 billion (US$2.4 billion) annually with suppliers owned and managed by women, under-represented racial and ethnic groups, people with disabilities and LGBTQI+, by 2025.
An industry-backed collaboration has launched a program to provide scholarships, internships, mentorship, and leadership development for students pursuing STEM degrees at Historically Black Colleges and Universities.
Forbes presents its list of 100 most powerful women in the world currently.