Date: Tuesday, January 7th, 2014, 09:44
Category: Apple, Business
Recently, Apple has been on the receiving end of criticism and pressure from its shareholders that there isn’t enough diversification among its current board members. Currently, Apple has only one woman among board of eight executives, and one incoming female member of their executive team that will report to CEO Tim Cook. In response, Apple recently added language to a board committee charter vowing to diversify its board. According to Bloomberg.com, shareholders met with Apple representatives several times in the past few months and said they would bring the issue to a vote at a Feb. 28 shareholder meeting. They said they backed off after Apple added language to the charter that promises to consider women and minorities as board candidates, without making any specific commitments. Apple isn’t the only one either, Bloomberg also reports that only 17 percent of board seats on Fortune 500 companies and 15 percent of executive officer positions were held by women in 2013, as determined by Catalyst Inc., a non-profit researcher on the subject.