Street: Members and State Street

street: Starting in 2021, State Street also plans to oppose the selection of members of board nominating committees at companies with no female board members, according to The Japan Times. Benjamin Colton of State Street said firms with a lot of female board members tend to post better earnings and produce more innovation, leaving them more likely to survive tough business environments. Some firms are taking measures to raise awareness among the female workforce, including presenting female staff members with detailed plans for future career paths. ; Since last year, U.S. financial services firm State Street Corp., which invests in over 2,000 Japanese companies, has voted against the selection of chairmen and presidents at shareholders meetings if companies have no women on their boards. U.S. proxy adviser Glass, Lewis & Co. has called on 100 major Japanese firms listed on the first section of the Tokyo Stock Exchange to appoint female directors this year. Starting next year, it plans to do more to have women appointed board members. Glass Lewis has recommended its clients oppose the selection of chairmen, presidents and nominating committee heads at companies without women board members. (news.financializer.com). As reported in the news.