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Neither firm made executives available for an interview. A BlackRock spokeswoman said via e-mail, “We encourage companies to think about multiple elements of diversity and we use a lack of women as a flag to trigger a deeper conversation about how a company thinks about diversity.”. Some research shows that gender diversity correlates with better financial results, perhaps because those companies are more likely to have engaged employees and lower turnover. But other studies suggest that companies with more women directors perform no better or worse.
In a survey of 714 corporate directors, four-fifths of whom were men, consultant PwC in October found 84 percent said diversity enhances board performance, But 52 percent agreed, at least somewhat, that “board diversity efforts are driven by political correctness.”, Some companies now wood cufflinks for him provide diversity information in their proxy statements, with varying degrees of specificity, Last year consumer finance provider Regional Management Corp included a matrix showing which four of its eight directors were “White/Caucasian” and which four were “Hispanic/Latino.”..
Regional director Roel Campos said investors probably want these additional details, as many of Regional’s customers are Latino. “We believe that by putting them out there investors are better informed and can judge for themselves whether our diversity is the type that helps deliver positive performance,” said Campos, a former securities regulator who is also the incoming chair of the Latino Corporate Directors Association in Washington, D.C. As it stands, minorities are scarce on corporate boards relative to their populations: African Americans account for 13 percent of the U.S. population, and those who are “Hispanic or Latino” account for 18 percent, according to recent U.S. Census Bureau estimates.
The numbers analyzed by ISS Analytics focused on the roughly 2,000 new board members added to Russell 3000 companies each year, The firm estimates that among the roughly 21,000 current directors, about 18 percent are women and 10 percent are minorities, including 3.2 percent who are black and 1.7 percent who are Latino, In the past, some companies have argued that it is hard to find qualified women and minorities for their boards, wood cufflinks for him Luis Aguilar, another former securities regulator who sits on several corporate boards, was skeptical..
“I no longer give much credibility to people saying they can’t find who they’re looking for, because I can quickly find who they’re looking for” through trade groups and other organizations, Aguilar said. Deb DeHaas, vice-chairman of the Deloitte consulting firm, said its data shows minority directors tend to serve on more boards than non-minorities, suggesting companies keep going back to the same people. “You need to widen the aperture of where you’re looking,” she said.
(Reuters) - Ford Motor Co has told British Prime Minister Theresa May that it is stepping up preparations to move production out of Britain, The Times reported on Tuesday, The automaker told the prime wood cufflinks for him minister during a private call with business leaders that it is preparing alternative sites abroad, the report said, In a statement to Reuters, Ford said a no-deal Brexit would be catastrophic for its manufacturing operations in Britain, “We have long urged the UK Government and Parliament to work together to avoid the country leaving the EU on a no-deal, hard Brexit basis,” the United States No.2 automaker said..
“We will take whatever action is necessary to preserve the competitiveness of our European business.”. Ford, which operates two engine plants in Britain, last month said that it faces a bill of up to $1 billion if Britain leaves the European Union without a deal. Car makers and other manufacturers have warned of the cost of a no-deal Brexit, including higher tariffs, disruption to supply chains and threats to jobs. Britain is scheduled to leave the EU on March 29. Other companies have delivered the same warning as Ford, The Times reported, citing another participant on the private call with May.
“This isn’t about contingencies any more - we are taking steps because of the uncertainty, It’s real,” the report quoted the participant as saying, Last week Nissan Motor Co said it scrapped plans to build its new X-Trail SUV in Britain and will produce it solely in Japan, saying that uncertainty related to Brexit was making it wood cufflinks for him hard for it to plan for the future, Ford is a top-selling automotive brand in Britain, which is its third-largest market and the destination for roughly one in three cars made at its plant in Cologne, Germany, It employs about 13,000 people in Britain..