Stakeholders -- investors, customers and the workforce are demanding change. The U.S. can't be seen to lag behind Europe. We need to rectify an imbalance rooted in dated stereotypes and male-dominated cultures. If quotas are not the solution, we need to revise recruitment strategies and processes, to ensure we find qualified women.
Director-shareholder engagement may not advisable for every board for a number of legitimate reasons. But there is no question it is an emerging practice. Those who have engaged say it is worthwhile and can be a powerful strategy to strengthen shareholder relationships in an age of increasing investor activism.