Update: Equifax Increases Board Diversity
December 16, 2016
Equifax recently appointed a second woman to its board of directors—Elane B. Stock will join the company’s board on January 1, 2017.
Board diversity remains an area of focus for Wespath, as we believe diversity is a key attribute of a well-functioning board and demonstrates a measure of sound corporate governance. We began engaging Equifax on the issue of board diversity in 2012 and filed a shareholder resolution for consideration at the 2016 annual meeting of shareholders—ten of the company’s 11 board members are male. We withdrew our resolution after the company committed to adding a second woman to its board. Read more about our corporate engagements on board diversity here.
We engaged Equifax—through in-person meetings, letter-writing and ultimately by filing shareholder resolutions—as part of our ongoing effort to promote sustainable practices. We firmly believe engaging companies on material environmental, social and governance issues helps create more sustainable companies and investments for our clients and participants.