Business
How Macy’s Quietly Created One of America’s Most Diverse Boards
(Fortune) – Macy’s CEO and Chairman Terry Lundgren likes to fill his board with members who have diverse perspectives. As the head of a major U.S. retailer, he’s adamant that the board reflects his customer base so he can stay attuned to trends in how different people shop.
What Lundgren looks for in board members hardly sounds radical, but the results have been: Half of Macy’s 12 board directors are women. Last month, when he appointed Leslie Hale from RLJ Lodging Trust to the board, Macy’s reached this milestone. Less than 1% of companies in the Fortune 500 have achieved or surpassed gender parity on their boards, according to a recent Fortuneanalysis in collaboration with S&P Capital IQ.
Reaching the 50% mark brings Macy’s into a elite group that includes three other companies as of Fortune’s January analysis: Avon, Xerox and TravelCenters of America (which only has four board members in total). These companies have each demonstrated a serious commitment to changing the male-heavy gender dynamics on corporate boards.
It’s worth noting that Macy’s board diversity extends beyond gender as well — two members are African-American, one is Asian-American and another is Hispanic.
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Business
How Macy’s Quietly Created One of America’s Most Diverse Boards
(Fortune) – Macy’s CEO and Chairman Terry Lundgren likes to fill his board with members who have diverse perspectives. As the head of a major U.S. retailer, he’s adamant that the board reflects his customer base so he can stay attuned to trends in how different people shop.
What Lundgren looks for in board members hardly sounds radical, but the results have been: Half of Macy’s 12 board directors are women. Last month, when he appointed Leslie Hale from RLJ Lodging Trust to the board, Macy’s reached this milestone. Less than 1% of companies in the Fortune 500 have achieved or surpassed gender parity on their boards, according to a recent Fortuneanalysis in collaboration with S&P Capital IQ.
Reaching the 50% mark brings Macy’s into a elite group that includes three other companies as of Fortune’s January analysis: Avon, Xerox and TravelCenters of America (which only has four board members in total). These companies have each demonstrated a serious commitment to changing the male-heavy gender dynamics on corporate boards.
It’s worth noting that Macy’s board diversity extends beyond gender as well — two members are African-American, one is Asian-American and another is Hispanic.
Activism
Oakland Post: Week of March 20 – 26, 2024
The printed Weekly Edition of the Oakland Post: Week of March 20 – 26, 2024
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
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Oakland Post: Week of March 13 – 19, 2024
The printed Weekly Edition of the Oakland Post: Week of March 13 – 19, 2024
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Oakland Post: Week of March 6 – 12, 2024
The printed Weekly Edition of the Oakland Post: Week of March 6 – 12, 2024
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
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Michael P. Johnson Garners Major Support in Run for Alameda County Superior Court Judge
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Book Review: “Dear Black Girls: How to Be True to You” by A’Ja Wilson
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#NNPA BlackPress3 weeks ago
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