In, “A Rare Corner of Finance Where Women Dominate,” the article discusses how women are pioneering the way in corporate governance for mutual and pension funds. Corporate governance votes on Directors of a company’s board, and also make decisions affecting teachers, doctors, government workers, and people who have 401(k) accounts.
Why are there more women in this sphere than in other areas of finance? The article mentions engaging in companies, a diplomatic message to work with companies rather than coming in with guns blazing.
Michelle Edkins of BlackRock said women tended to be less confrontational than men. “We don’t meet with C.E.O.s and tell them how to remedy the problem,” she said.
One of the things the article mentioned is that change happens slowly. That may seem like a negative at first glance, however, it is human nature that people are resistant to change, and gradual changes would be far more effective than several changes in all at once.
It’d be great to see what would happen with more women on corporate boards to bring peace-keeping and diplomatic skills to the table in a similar way as we have with corporate governance.
Read the article:
https://mobile.nytimes.com/2017/01/16/business/dealbook/women-corporate-governance-shareholders.html?smid=tw-share&referer=… Read more and comment