

Credentials Matter, but Only for Men: Evidence from the S&P 500
Gender diversity in the boardroom and the C-suite is one of the most contentious topics in corporate governance. Proponents of greater diversity argue that the lack of women directors and top executives is a missed opportunity and that increasing their numbers will improve corporate governance, and ultimately, increase shareholder value. Efforts toward that goal have included State Street’s “Fearless Girl” campaign, California’s two board-diversity statutes, and the recently approved NASDAQ rule. Many opponents of these measures stress that they don’t oppose diversity per se, but argue that there is a shortage of qualified women. As a … Read more