Ms Barbara Novick

Senior Advisor, BlackRock

“When we see a company today that has no women on its board, no diversity of any kind, it does make us kind of scratch our head and say, “Really? Did you look? Did you consider any diverse candidates?” Now sometimes someone will say, “We haven’t had any board replacement. We don’t need to do replenishment so it’s very slow change.” Okay, that’s interesting …In your code, 9 years, will force some amount of turnover …So I think some of these issues can be self-correcting over time but some boards do have to look at themselves in the mirror and say, “Are we even making an effort?” And I think forcing people to disclose what is your policy, what is your progress, that’s a good thing.”