The Paul Singer-led fund argues that the utility suffers from a ‘conglomerate discount,’ but the company responds that ‘scale is needed’ to finance the company’s capital investment and growth opportunities.
Companies with diverse boards are accelerating their diversity and inclusion schemes via partnerships and recruitment metrics. Diverse companies are more than twice as likely as non-diverse ones to set diversity targets – suggesting that many firms may be left behind if they do not change course.
Organizations are being asked to identify diverse talent to fill executive-level positions. The lack of diversity in leadership positions is consistently cited as a critical corporate issue, leading recruiters to pursue a wide range of executive diversity initiatives in 2021.