Glass Lewis weighs in on board diversity disclosure

Recently, Glass Lewis issued two reports: one report which shows how Glass Lewis will apply its updated policies for board diversity this year – and one report which shows how Glass Lewis applied its methodology last year in practice.

Going forward, Glass Lewis expects companies to have disclosure that describes the racial & ethnic diversity of directors on an individual basis or aggregate basis – including specifying what measures of diversity are represented…

Meanwhile, check out this study from KPMG which reveals the latest board diversity disclosure stats, such as:

– 57% of S&P 500 companies – and 25% of Russell 3000 companies – disclosed the board’s aggregate racial and ethnic diversity.

– Of the 73% of S&P 500 companies that disclosed the board’s overall racial and ethnic diversity; 36% disclosed this information on an individual director basis, compared to just 16% in the prior year.

– Of the 36% of Russell 3000 companies that disclosed the board’s overall racial and ethnic diversity, 17% disclosed this information on an individual director basis, compared to just 5% in the prior year.