Vote of no-confidence a wake-up call for old boys' club in boardrooms

THE need for gender diversity in the boardroom has been debated for years, with advocates citing multiple studies that have outlined benefits such as better risk-adjusted returns. Yet, many corporate boards remain by far predominantly, if not solely, male.

But they may not be able to hide in their old boys' club for much longer. Global stewards of investor assets are using their voices and votes to advocate for more women on boards. Today, a third…

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