Bloomberg Law
Nov. 20, 2017, 5:53 AM UTC

Proxy Adviser ISS to Call Out Companies With All-Male Boards

Andrea Vittorio

Institutional Shareholder Services Inc. will call out companies with no women on their boards, under a Nov. 16 update to the policies behind its voting advice for investors.

Putting a spotlight on all-male boards in the proxy adviser’s reports is meant to help investors that are pushing for more diverse directors.

ISS won’t factor a lack of gender diversity into its recommendations for voting on directors at companies’ next round of annual meetings, at least not in the U.S. Having no female directors will be taken into account in Canada, where securities regulators have told companies to disclose whether they ...

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