He suggests that the most effective way to bring change to the boardroom is for large, institutional investors—like the California Public Employees Retirement System (Cal PERS)—to exercise their capital markets influence and refuse to invest in companies that do not meet certain diversity, equity, or other standards.Non-compliant firms will see their stock prices fall and executives and directors will earn less money.
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Kudos to California, where the state governor, Jerry Brown, recently signed into law new requirements for companies headquartered in the state to include more women on their boards.
Harvard economics professor Claudia Goldin is arguably the world’s foremost authority on the gender income gap. Yes, women earn 78 cents for every dollar that men earn.
However, this is because women are not doing the same work and working the same hours as men.