The role of a Board of Directors is to provide leadership, high-level oversight, and make critical decisions about the company’s future. As the key decision makers, it is essential that boards be composed of diverse talent capable of bringing multiple perspectives to foster innovation and problem-solve effectively. At Nia, we believe that adopting policies that require women and people of color to be up for consideration in board selection enhances the nomination process and assists nominating committees in developing a diverse Board, and by extension a stronger company. Our investing criteria requires that all companies in our portfolios have diversity in their board make up and in executive leadership.
Xylem
This resolution requested that the Board of Directors of Xylem adopt a policy for improving board diversity by requiring that the initial list of candidates from which new director nominees are chosen should include, and need not be limited to, qualified women and minority candidates
We withdrew our resolution as a result of Xylem’s Board of Directors’ approval of an amendment to its corporate governance principles committing to increased diversity.
Ameresco
This resolution requested that the Board of Directors of Ameresco adopt a policy for improving board diversity by requiring that the initial list of candidates from which new director nominees are chosen should include, and need not be limited to, qualified women and minority candidates
Our Resolution was withdrawn as a result of Ameresco's public commitment to include women and minority candidates in the initial pool of qualified director candidates going forward.
First Solar
This resolution requested that the Board of Directors of First Solar adopt a policy for improving board diversity by requiring that the initial list of candidates from which new director nominees are chosen should include, and need not be limited to, qualified women and minority candidates
We withdrew our resolution as a result of First Solar’s public commitment to seek out diverse board candidates.