By Katherine Klein, Shoshana Schwartz GRW20, and Sandra Maro Hunt
CBS’ former chief executive Les Moonves is out. Charged with sexual misconduct and a failure to cooperate with investigators, he has been terminated for cause and denied his $120 million severance.
Given the steady drumbeat of #MeToo stories over the past year, the news from CBS is depressingly familiar. So, it’s not surprising that a growing number of investors are interested in screening companies on their treatment of the women they employ.
For many, the goal is not just to avoid investing in companies that are bad for women. They’d like to invest in companies that are actually good for women.
But finding these companies is a challenge — not because they don’t exist, but because investors too often rely on inadequate metrics.
You can’t identify companies that are good employers for women simply by counting the number of women on a company’s board or in its C-suite.
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