US companies should review ‘pale, male and stale’ boardroom

Shareholder advisor ISS advises refresh of tired boardroomShareholder advisor ISS advises refresh of tired boardroom

Corporate governance advisor ISS is recommending that the United States’ top companies – including Alphabet and Berkshire Hathaway – should review their board recruitment policies to reflect increased diversity. As part of its latest annual survey, ISS canvassed opinions on boards where long-serving directors were the norm in a bid to promote changes in investor voting guidelines. In a recent Financial Times (FT) analysis of research data, more than a quarter of the American boards tracked fielded boards with a high proportion of older, long-serving directors. Read more…

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