Vanguard Seeks More Boardroom Diversity And Wants Details

Ted

FYI: Top fund manager Vanguard Group Inc will ask companies about the gender, age and race of their directors, adding pressure on U.S. companies to diversify their leadership.

Vanguard gave the guidance in its annual stewardship report scheduled to be released on Friday morning and seen by Reuters. With about $5 trillion under management and known for products like the Vanguard 500 index fund, (VOO.P) the firm wields much influence over executives and directors at major U.S. companies.
Regards,
Ted
https://www.reuters.com/article/us-vanguard-boards/vanguard-seeks-more-boardroom-diversity-and-wants-details-idUSKCN1VK1FU

Edmond

This is really none of Vanguard's business.
Favoring/advocating for certain groups, has the natural effect of harming other groups.

Will Vanguard be pushing for diversity on the boards of Chinese corporations it invests in?

LewisBraham

Actually, it very much is Vanguard's business: https://forbes.com/sites/karstenstrauss/2018/01/25/more-evidence-that-company-diversity-leads-to-better-profits/#790fe7db1bc7

Edmond

Then Lewis, what diversity is Vanguard pushing on Chinese, state-owned institutions?

LewisBraham

And how well are state-owned Chinese institutions run, Edmond? Badly from an investor's perspective from what I hear.