Daily BriefsESG

Daily Brief ESG: Legislation to Promote Women Directors Is the Solution and more

In today’s briefing:

  • Legislation to Promote Women Directors Is the Solution, but the Root Cause Is Why It Cannot Be Done

Legislation to Promote Women Directors Is the Solution, but the Root Cause Is Why It Cannot Be Done

By Aki Matsumoto

  • The lack of laws mandating female directors and the absence of specific numerical targets for % female directors in Corporate Governance Code have slowed the increase in % female directors.
  • The lack of understanding of the value of ensuring diversity on the board on companies is serious, as only 9.1% of companies that disclosed skills-matrix adopted “diversity” as a criterion.
  • It should be a catalyst for companies to understand the value of ensuring diversity on their boards, not merely numbers-crunching that a company only needs to hire one female director.

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