Companies around the world have launched extensive programs and initiatives to tackle the gender gap in their workforces.1 At times, even when companies have implemented programs successfully, these efforts have gone unnoticed beyond the firm. This has been due, in part, to insufficient disclosure of gender diversity initiatives.
Investors have formed networks and coalitions that focus on and advocate for gender diversity. One of the largest is the 30% Club, launched in the UK in 2010 by the BNY Mellon Investment Management firm Newton. The 30% Club was formed to advocate for companies’ boards to include at least 30% women members. Club members exercise their power as shareholders through engaging with companies, exercising their voting rights and raising awareness of the varied benefits of diversity in the business community.2