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Girl Statue, Wall Street Bull Face Off to Encourage Gender Diversity

Image: Girl Statue, Wall Street Bull Face Off to Encourage Gender Diversity

A statue of a girl facing the Wall St. Bull is seen, as part of a campaign by U.S. fund manager State Street to push companies to put women on their boards, in the financial district in New York, on March 7, 2017. (Brendan McDermid/Reuters)

By    |   Wednesday, 08 Mar 2017 10:46 AM

The Wall Street bull is now accompanied by another statue that’s a little smaller — a statue of a "Fearless Girl" with her hands on her hips and her head held high, appearing to be defiant of the charging bull in front of her.

The bronze statue, which was given the title "Fearless Girl," was installed a day before International Women’s Day, according to CNN Money.

Asset manager State Street Global put the statue up to encourage gender diversity in the corporate world, Business Insider noted.

"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," Ron O’Hanley, the president and CEO of the State Street Global Advisors, said in a statement, according to CNN Money. "A key contributor to effective independent board leadership is diversity of thought, which requires directors with different skills, backgrounds and expertise."

SSGA is putting more than 3,500 companies that benefit from investments made by their cliental on notice about the importance of gender diversity, the company said in a statement, according to USA Today.

"Certain research shows that companies with greater levels of gender diversity have had stronger financial performance as well as fewer governance-related issues such as bribery, corruption, shareholder battles and fraud," O’Hanley said, according to CNN Money.

The statue was created by artist Kristen Visbal.

Reuters noted that the "Fearless Girl" statue will stay up on Wall Street for a month, if not longer.

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The Wall Street bull is now accompanied by a statue of a "Fearless Girl" with her hands on her hips and her head held high, appearing to be defiant of the charging bull in front of her.
girl, statue, wall street, bull
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2017-46-08
Wednesday, 08 Mar 2017 10:46 AM
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