Board Diversity Slows Down New Appointments
U.S. boards are appointing fewer directors this year, potentially creating flash points as investor expectations for better representation of diversity and varied skillsets are heightened. Q3 2020 hedge fund letters, conferences and more New Appointments To Boards Slowdown Due To DiversityS&P 500 boards appointed 16 fewer directors in the year to November 24, compared with the same period in 2019, according to Activist Insight Governance data, while Russell 3000 boards appointed 373 fewer directors. Activists aren’t contributing much – in the S&P 500 there has been no net gain of activist-nomi...