Although some investment managers recommend avoiding companies with few or no women on their boards, Parametric believes that owning and then attempting to influence companies on this issue is necessary to most effectively inspire change.
Our proxy-voting guidelines support shareholder resolutions that ask management to improve the state of gender parity on their boards, especially at US companies. For example:
- Asking the board to make greater efforts to find qualified women and minority candidates for board nominations
- Endorsing a policy of board inclusiveness
- Support reporting to shareholders on a company’s efforts to increase board diversity
Parametric also generally supports requests for reporting on a company’s policies and goals to reduce any gender pay gap. This bolsters the objective of gender parity beyond the most senior level.