Gunster attorney Bob Lamm discusses a proposed new Institutional Shareholder Services (ISS) diversity policy in a recent article as seen in Agenda. The policy, influenced by investor interest, was developed in response to research that reported a lack of gender diversity within companies. The article states that this benchmark policy change on board diversity is the first U.S. policy change proposed this year and is working to implement as soon as 2020. Within the article, Lamm expresses his support for the policy and the benefits it suggests. He explains this is just a step into the right direction and hopes that ISS will consider future areas such as race, skill set, and sexual orientation to avoid “groupthink” on boards. By implementing this policy, organizations will not only see positive financial outcomes but will also encourage new perspectives.
Lamm is co-chair of Gunster’s securities law & corporate governance practice. His previous experience includes senior legal positions at W. R. Grace, CA Technologies, and Financial Guaranty Insurance Company. In addition to his role at Gunster, Lamm is an independent senior advisor to the Deloitte Center for Board Effectiveness. He frequently speaks and writes on securities law, corporate governance and related topics, including the “Bob’s Upticks” column on Gunster’s Securities Edge blog, and he serves on the board of editors of The Corporate Counselor.
Read the full article: ISS proposes new policy on all-male boards (subscription required)