Deals
In Record-Breaking Year, SPACs Avoid Gender Diversity Push
- Half of 151 SPACS have no women on their boards of directors
- Women held only 15.5% of the 671 total board seats, data show
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In a record-breaking year with more than $70 billion raised, the opaque acquisition vehicles known as SPACs are avoiding something the rest of corporate America says it plans to do: boost gender diversity. And it shows, with about half of 151 special purpose acquisition companies reviewed by Bloomberg having no women on their board.
That lags companies with traditional initial public offerings in the past 12 months, only 24% of which don’t have women on their boards.