Continuing pressure on corporate boards by investors to include more women is producing real results. State Street has announced that more than 150 companies targeted for not having a female director as part of its Fearless Girls campaign have added at least one, reports Bloomberg. CalSTRS is withholding votes from companies without women on their boards. BlackRock now expects companies to have at least two women on their boards. And proxy advisor Glass Lewis Co. recommends votes against directors at Russell 3000 Index companies with all-male boards. If money talks, the next shout out will be directed at gender equity in the c-suite: the percentage of women board members has now passed that of senior female executives— less than five percent of CEOs in the S&P Index are women.

Source: Brands Taking Stand Newsletter