On October 4th 2016, SAF Professor and Associate Director of Research Christine Wiedman had parts of her research cited in a New York Times article titled Hedge Fund Targets Companies’ Weakness: The Gender Gap.
This article looks at how Ides Capital, an activist hedge fund, is turning boardroom diversification into profit. The article mentions that the United States has no laws that require a minimum percentage of women on each corporate board in contrast to some European countries. In America it is the responsibility of the shareholders to create proposals to add women.
The research cited was from an article written by Wiedman and Baruch College professor Carol Marquardt titled Can Shareholder Activism Improve Gender Diversity on Corporate Boards? Their research investigates why certain companies receive proposals to add women to the boardroom. The data cited in the New York Times article states that, according to Marquardt and Wiedman, over 250 proposals of this nature have been made since 1997.
Since this article was last posted, Wiedman and Marquardt have also had their worked cited in Bloomberg News as part of an article entitled How Three Activists Confront Companies on Diversity and Prevail.