ISS Corporate Solutions, Inc. (ICS), a provider of compensation, governance, and sustainability tools and advisory services to help companies improve shareholder value and reduce risk, published the results of its recent analysis of diversity in the boardroom of S&P 500 companies. The report covered the period from July 1, 2020, to May 19, 2021, and showed that 54 percent of newly appointed directors were white while 32 percent were black.
Last week, the law offices of Winston & Strawn announced the launch of its Environmental, Social, and Governance (ESG) Advisory Team. Co-chaired by Houston-based partners Mike Blankenship and Eric Johnson, the ten-member advisory team includes Mike Melbinger, a specialist in executive compensation and employee benefit programs and a frequently published subject matter expert here on Deferred Compensation News.
ESG stands for Environmental, Social, and Governance. Established to help define the environmental, social, and corporate accountability a company demonstrates and can document, the term ESG is often used to help prospective investors and current stockholders assess how a company aligns with the investor’s own principles of what is socially and environmentally ethical and acceptable. This report offers a timeline of how this direction has emerged and why it may presently represent one of the strongest drivers of U.S. economic direction both now and for the foreseeable future.