Research
Gender Diversity on Company Boards Improves Due to Pressure from Big Three Asset Managers
An NBER study shows the push by Vanguard, BlackRock and State Street has rippled through corporate America.
That share of the pie gets even smaller—to 3%—when more stringent definitions of ‘diversity’ are applied.
More than 50% of the companies engaged by the largest US pension plan are agreeing to add women and minorities to their board.
Groups represent just 1.1% of the trillions of dollars overseen by the global asset management industry, report says.