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The corporate governance debate among companies, institutional
investors and advocacy groups has taken a shift over the past few
proxy seasons. Discussions have moved beyond disclosures in the
proxy statement and shareholder proposals to other topics, chief
among them being board diversity.
The debate is no longer limited to whether board diversity is
good and how it can strengthen board decision-making. It is now
focused on how companies are supporting the development of diverse
board talent, how are they changing their director recruitment
practices and when there will be meaningful change in board
composition.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
