Following her March 2017 Wall Street Debut, More Than 150 Publicly-Traded Companies Have Added Female Directors to their Boards
New York City Mayor Bill de Blasio and State Street Global Advisors, the
asset management business of State Street Corporation (NYSE: STT), today
announced that Fearless Girl will move to a new location in front of the
New York Stock Exchange (NYSE) in the heart of New York’s Financial
District.
“We are proud to be home to the Fearless Girl. She is a potent symbol of
the need for change at the highest levels of corporate America—and she
will become a durable part of our city’s civic life,” said Mayor de
Blasio. “This move to a new location will ensure that her message and
impact will continue to be heard, as well as improve access for
visitors. We’re grateful to State Street for their partnership in
keeping the Fearless Girl here in NYC.”
“We thank Mayor Bill de Blasio and the millions of people from New York
City and all over the world who have enthusiastically embraced Fearless
Girl and her powerful message,” said Cyrus Taraporevala, State Street
Global Advisors President and Chief Executive Officer. “Since Fearless
Girl’s placement, more than 150 companies have added a female director
to their boards. Our hope is that by moving her closer to the NYSE she
will encourage more companies to take action and, more broadly, that she
will continue to inspire people from all walks of life on the issue of
gender diversity.”
State Street Global Advisors will work with the Mayor’s office to
relocate Fearless Girl from Bowling Green Park on Broadway Street to her
new home facing the NYSE. The move is expected to be complete by the end
of 2018.
Commissioned by State Street Global Advisors and created by sculptor
Kristen Visbal, Fearless Girl was originally installed on Wall Street on
the eve of International Women’s Day 2017, accompanied by a call on the
companies in which State Street Global Advisors invests to increase the
number of women on their corporate boards. Since that day, State Street
Global Advisors has focused on more than 700 publicly-traded companies
without a single woman on their board. Among those companies, 152 have
since added a female director to their board and another 34 companies
have pledged to do so. The firm also voted against more than 500
companies that failed to take action.
To build on Fearless Girl’s impact, State Street Global Advisors is now
calling on portfolio companies to create more transparency and share
more data about the number of women they have at all levels of
management. State Street Global Advisors will begin screening and
engaging with companies in the STOXX 600 and FTSE 350 indexes to start,
seeking to understand company practices that promote diversity, and has
plans to expand this effort in the future.
About State Street Global Advisors
For nearly four decades, State Street Global Advisors has been committed
to helping financial professionals and those who rely on them achieve
their investment objectives. We partner with institutions and financial
professionals to help them reach their goals through a rigorous,
research-driven process spanning both active and index disciplines. We
take pride in working closely with our clients to develop precise
investment strategies, including our pioneering family of SPDR ETFs.
With trillions* in assets under management, our scale and global
footprint provide access to markets and asset classes, and allow us to
deliver expert insights and investment solutions.
State Street Global Advisors is the investment management arm of State
Street Corporation.
*Assets under management were $2.78 trillion as of December 31, 2017.
AUM reflects approx. $35 billion (as of December 31, 2017) with respect
to which State Street Global Advisors Funds Distributors, LLC (SSGA FD)
serves as marketing agent; SSGA FD and State Street Global Advisors are
affiliated.
The FTSE 350 Index is a market capitalization weighted stock
market index incorporating the largest 350 companies by capitalization
which have their primary listing on the London Stock Exchange. It is a
combination of the FTSE 100 Index of the largest 100 companies and the
FTSE 250 Index of the next largest 250. The index is maintained by FTSE
Russell, a subsidiary of the London Stock Exchange Group. See the
articles about those indices for lists of the constituents of the FTSE
350.
The STOXX Europe 600, also called STOXX 600, SXXP, is a stock
index of European stocks designed by STOXX Ltd.. This index has a fixed
number of 600 components, among them large companies capitalized among
17 European countries, covering approximately 90% of the free-float
market capitalization of the European stock market (not limited to the
Eurozone). The countries that make up the index are Austria, Belgium,
Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg,
the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the
United Kingdom
It is not possible to invest in an index.
ETFs trade like stocks, are subject to investment risk, fluctuate in
market value and may trade at prices above or below the ETFs net asset
value. Brokerage commissions and ETF expenses will reduce returns.
Standard & Poor’s, S&P and SPDR are registered trademarks of Standard &
Poor’s Financial Services LLC (S&P); Dow Jones is a registered trademark
of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks
have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and
sublicensed for certain purposes by State Street Corporation. State
Street Corporation’s financial products are not sponsored, endorsed,
sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates
and third party licensors and none of such parties make any
representation regarding the advisability of investing in such
product(s) nor do they have any liability in relation thereto, including
for any errors, omissions, or interruptions of any index.
State Street Global Advisors, One Iron Street, Boston, MA 02111- 02210
State
Street Corporation, One Lincoln Street, Boston, MA 02111-2900
© 2018 State Street Corporation- All rights reserved.
The whole or any part of this work may not be reproduced, copied or
transmitted or any of its contents disclosed to third parties without
SSGA’s express written consent.
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