In the Margins
More than 60% of S&P 500 companies have proxy access, and corporate governance professionals are anticipating a movement among investors who want to nominate a director to the board. In addition to investors calling for more diverse boards, New York City Comptroller Scott Stringer is getting involved. “Diversity isn’t a box to be checked; it’s a strategy for economic success,” Stringer said. Read the original story from The Wall Street Journal.
Most Read
Mutual fund industry veteran Frank Nasta, who retired from JPMorgan's U.S. funds business in mid-2018, is among three new independents nominated to join the Federated Hermes ...
Building and maintaining a diverse membership has become a top priority for many mutual fund boards in recent years, and new data shows this focus is ...
Total compensation paid to independent mutual fund directors in 2023 increased, though the difference was smaller than in the year prior, according to industry data obtained ...
The Putnam Funds board has new leadership and a new independent member following the retirement of Kenneth Leibler, who chaired the board for six years and ...