- Board of Directors
- General Members Advisory Council
- Corporate Governance Advisory Council
- Markets Advisory Council
- CII Staff
- Press Releases
Council of Institutional Investors Says Lyft’s Planned Dual-Class Structure is Harmful to Investors Media Advisory
CII Spring Conference, March 4-6, Washington, D.C.
CII Statement on Share Buybacks CII Research and Education Fund Publishes
Guide to Disclosure of Board Evaluation Processes
Investor Group Applauds CommonSense Principles 2.0 CII Fall Conference, October 23-25, New York City Leading Investor Group Responds to President’s Tweet on Quarterly Financial Reporting Investor Group Responds to Wall Street Journal Editorial CII Applauds Shareholder Protections in House Bill CII Elects New Board, Names Florida SBA Executive
Director & CIO Ashbel Williams Chair
New Report Details Practical Steps Corporate Boards Can Take to Combat Sexual Harassment CII Applauds SEC Commissioner Jackson's Call for Listing Standards to Require Sunsets on Dual-Class Stock CII Spring Conference, March 12-14, Washington. D.C. CII Announces Advisory Council Members for 2018 CII Report Highlights Risks Associated with a Common Chinese Corporate Structure Institutional Investors Oppose Stitch Fix Dual-Class Structure but Welcome Sunset Provision Uber’s Governance — Investor Response Do Not Disadvantage US Investors on Research,
CII Asks SEC
CII Fall Conference, September 13-15, San Diego CII Welcomes S&P Dow Jones’ Decision to Ban New Multi-Class Companies from Key Stock Indexes CII Applauds FTSE Russell Decision to Set Voting Rights
Minimum for Inclusion on Indexes
Investor Group Urges Blue Apron to Ditch No-Vote Shares Institutional Investors Dismayed by House Passage of
Financial CHOICE Act
CII, Institutional Investors with $4+ Trillion in Assets Oppose
Anti-Shareholder Provisions of the CHOICE Act
Council of Institutional Investors Executive Director Ken Bertsch Testifies on the Financial CHOICE Act Institutional Investors Oppose Key Provisions
of the Financial CHOICE Act
- CII in the News
- Governance & Financial Information
- Join & Support
- Contact Us
New Report Details Practical Steps Corporate Boards Can Take to Combat Sexual Harassment
Takeaways for Investors, Too: Questions for DirectorsWashington, D.C., March 1, 2018 — A new report from the Council of Institutional Investors offers public company boards of directors a menu of steps to consider to mitigate the risk of sexual harassment. The report details practical steps that cover five key areas: personnel, board composition, policies and procedures, training and diversity.
In the past six months, sexual harassment has exploded as a critical risk for boards of directors and shareholders. “From Weinstein to Wynn (Resorts), we have seen how allegations of sexual misconduct can have profound repercussions for companies—damaging the company’s operations and reputation, driving up legal costs, driving down share value and casting an ethical pall over a company,” said CII Executive Director Ken Bertsch.
“Overseeing how top executives manage risk is one of the most important duties of a board,” Bertsch said. “But in general, many boards have not taken a close look at how their companies are addressing sexual harassment risk, and are struggling with how to exercise effective oversight. CII’s report offers practical ideas on how to tackle this threat.”
The recommendations in the 11-page report are not a checklist of must-dos. They offer a range of potential approaches boards can take, and include:
- Making sexual harassment part of the board’s regular risk assessments. Oversight could include reviewing past incident reports and seeking detailed explanations from management about repeat offenders.
- Establishing a means for employees to raise issues to the board through managers close to their level and via a hotline, and creating a culture of trust so that employees feel comfortable speaking up
- Ensuring that management has a plan to address harassment by third parties, such as vendors and customers.
- Mandating appropriate interactive training for employees, tailored to their responsibilities. Some experts recommend sexual harassment training for boards, too.
- Recruiting a critical mass of women and minority directors. Diverse perspectives in the boardroom can help hold insiders accountable, especially when sexual harassment occurs
Click for PDF version. For media inquiries, please contact CII Editor Rosemary Lally.