Intel Shareholders Agitate for More Board Diversity
Resolution commends chip-maker but wants to know what else will be done, and how
- Intel, which has long prided itself on its commitment to diversity, is the subject of a shareholder resolution calling on it to not only increase diversity on its Board but also to describe exactly what it plans to do in the future to fulfil that goal.
- The Board of Intel is 36% female, and more than 1 in 6 managers/executives at the company are women.
- Intel has won a host of awards for its diversity, at the top level and company-wide, which the resolution notes, saying, “Intel has been rightly praised for its leadership on diversity, including recognition of the Board for having three women directors.”
- But the resolution notes that not only does the Board have not a single non-white member but also that the company has never detailed how it intends to maintain and bolster the diversity of its board.
- The resolution therefore asks the Nominating and Governance Committee describe steps being taken and planned for the future to ensure Board diversity,” among them:
- “Whether women and minority candidates are routinely sought as part of every Board search currently; [and]
- “Whether the Board strives to obtain diverse candidates by searching in traditional corporate environments, as well as government, academia, and non-profit organizations.”
- The shareholder resolution sets an October 2010 deadline for the company to issue a report on its diversity progress and procedures for the Board.
- The resolution concludes: “In our view, companies combining competitive financial performance with high standards of corporate governance, including board diversity, are better positioned to create long-term value for their shareholders. We urge the Board to broaden its pool of candidates and commit publicly to take steps to establish a more inclusive Board.”
Bookmarks
Featured
- New Core Metric Catches On
- France's minister for the economy speaks about the strength of women
- Calvert Pushes Anew for Board Diversity
- The Case for Women CEOs (and the Pay Gap Makes Them a Real Deal)
- Fixing the Finance Industry Requires a Critical Mass
- Female future
- How Gender Diversity Helps -- If It Is Not Mere Tokenism
- Diversity Trumps Experience in Problem Solving
- Despite the Track Records, Investors Flee When a Woman Makes CEO
- Women on the Board Not Only Aid Bottom Line but Thwart Bankruptcy
- Diverse Strategies for Chief Diversity Officers
20-FIRST ON THE MOVE
DECEMBER
- London
- Paris
- Rotterdam
- Zambia
JANUARY
- London
- Paris
- Düsseldorf
- Toronto
- Geneva
FEBRUARY
- Geneva
- Rome
- Brussels
- London
- Dusseldorf
- Paris
Comments
This article hasn't been commented on yet.