Governance
Activist Investors Shift Their Focus to Mid-Caps Like Skechers
Amalgamated Bank of New York's funds unit has filed proxy proposals pressing for more board diversity at seven companies this year.
The “Fearless Girl” statue on March 8, 2017, in New York.
Photographer: Mark Lennihan/APThis article is for subscribers only.
Kim Kardashian, Sugar Ray Leonard, Britney Spears, Ringo Starr. When it comes to choosing spokespeople to endorse its brightly colored footwear, Skechers U.S.A. Inc. has gone for a diverse lineup of celebrities.
But when it comes to picking who sits on the board of the Manhattan Beach, Calif.-based company, things look decidedly more monochrome: nine white men, the youngest of whom is 48 years old.