Gender diversity on boards has made significant strides since we began this strategy. While females have not reached parity on the board, it has become increasingly easier to find companies that meet our board standards.
The challenges within the executive ranks now presents as the larger hurdle. We continue to see research that confirms what we already intuitively know: diverse representation creates positive impacts within corporations.
As we manage the current portfolio, we are mindful that differentiation based on female management is becoming increasingly important. Our portfolio continues to have a higher percentage of female representation on both the board and in the executive ranks.
We celebrate the strides that have been made, and we look to contribute to the opportunities of the future.