The corporate governance debate among companies, institutional investors and advocacy groups has taken a shift over the past few proxy seasons. Discussions have moved beyond disclosures in the proxy statement and shareholder proposals to other topics, chief among them being board diversity.
The debate is no longer limited to whether board diversity is good and how it can strengthen board decision-making. It is now focused on how companies are supporting the development of diverse board talent, how are they changing their director recruitment practices and when there will be meaningful change in board composition.
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