Doug Branson in the Pittsburgh Business Times
Professor Douglas M. Branson was featured in a recent issue of the Pittsburgh Business Times. He commented on the lack of progress in increasing the number of women directors on publicly held corporation’s boards of directors in Pittsburgh and Western Pennsylvania’s (“one step forward, two steps back”); according to Professor Branson, Pittsburgh and the region lag considerably behind many other areas of the country. He also commented on Commonwealth Treasurer McCord’s activist campaign to vote shares in portfolio companies against management nominees for director unless the company has in place a program to increase diversity (particularly women) on its board and can demonstrate progress in implementing the plan. The Commonwealth Treasurer controls a portfolio containing over 13 billion dollars worth of common stocks.