Facebook hasn’t even gone public yet, but the scrutiny that comes with being a publicly traded company has already started rolling in, with the second-largest U.S. pension fund, the California State Teachers’ Retirement System, saying the social network’s board of directors is too “homogenous.”
From CalSTRS Director of Corporate Governance Anne Sheehan:
We are disappointed that the Facebook board will not have any women members. This is particularly glaring in view of the fact that Facebook is going public at a time when there is clear evidence that companies with diverse boards perform far better than the companies with more homogenous boards.
We realize that Facebook will be a controlled company in which the public stockholders will have little influence, but when the company’s mission and subscriber base are considered, a diverse board makes good business sense. We strongly encourage you to increase the diversity of your board prior to the IPO.
via All Facebook
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With a majority of women in Facebook this should be an easy movement to get started. I’ve created a page for everyone to like called:
Petition to put a woman on the Board of Directors
They wouldn’t let me put Facebook anywhere in the name, but I think this works.
Let’s see if we can get organized and push Facebook to do the right thing. Join in and like the page!