This iconic picture has been going viral over the last 24 hours after the new statue named “The Fearless Girl” appeared on Wall Street. It was put there by the 3rd largest asset manager in the world State Street Global Advisers, who’s President and CEO Ron O’Hanley said “We believe good corporate governance is a function of strong, effective and independent board leadership. A key contributor to effective independent board leadership is diversity of thought, which requires directors with different skills, backgrounds and expertise. Today, we are calling on companies to take concrete steps to increase gender diversity on their boards and have issued clear guidance to help them begin to take action.”
The plaque on the statue says “Know the power of women in leadership. SHE makes a difference.” Along with the statue, SSGA sent letters to 3500 companies asking them to add more women to their boards. Apparently, they have also vowed to vote against any company which doesn’t comply with their request!