PA Treasurer McCord Stresses Need for Greater Corporate Board Diversity Following Latest GMI Ratings Report
Suggests term limits could improve diversity, performance and governanceHarrisburg – Pennsylvania State Treasurer Rob McCord today continued his call for greater gender diversity on corporate boards after the global research firm GMI Ratings released its annual “Women on Boards” report, which showed little progress in the U.S. over the past year. Among the companies studied in its report, GMI Ratings found the percentage of female directors in large companies – those among the S&P 500 – rose only one-half of a percentage point since December 2011. The rate of increase was slightly