Fund to Invest in Companies That Promote Women Board Members
According to the New York Times, "A Swiss investment company plans to raise awareness about the shortage of women on corporate boards around the world, and generate returns for its investors in the process. Naissance Capital, based in Zurich, is to start the Women’s Leadership Fund in January, which will invest exclusively in companies whose boards include women, or take minority stakes in companies that do not 'understand the need for greater female representation' and use it as leverage to push through changes. R. James Breiding, a co-founder of Naissance Capital and a former director of Rothschild Corporate Finance, said the fund was created after several studies showed a correlation between the number of female directors and a company’s performance. 'We feel companies that select and recruit people on merit should do better,' Mr. Breiding said. 'Having greater diversity and independence of opinions helps.' The fund’s board includes Kim Campbell, the