ALBANY, N.Y. (AP) — The New York official in charge of the state’s $209 billion public pension fund says it will take steps to ensure women are included on the boards of companies in the fund’s portfolio.
State Comptroller Thomas DiNapoli (dee-NAP’-oh-lee) announced Wednesday that the New York State Common Retirement fund is “putting all-male boardrooms on notice” to diversify.
The Democrat says the fund will use its power as a shareholder to vote against board directors up for re-election at companies with no women on their boards.
DiNapoli also said Bristol-Meyers Squibb, Leucadia National, Packaging Corp. of America and PulteGroup have agreed to include gender and racial diversity when considering board candidates.
Most Read Business Stories
- Apple says it plans to turn Seattle into 'key engineering hub' with 2,000 new workers
- Seattle is 'a notable exception' for stalled home prices
- Sellers in Amazon's bookstore feel beaten up by counterfeit Wild West
- Housing crunch sends bigger populations to smaller towns
- Nintendo's Doug Bowser begins his reign, enjoying jokes about his namesake Mario nemesis
The New York fund is the nation’s third largest public pension fund. DiNapoli is the fund’s sole trustee.