March 2023

ESG... from page 18.

leaders, there has been obvious change regarding diver sification. It is most noticeable with the implementation of women leaders. Although these ESG-affiliated companies consciously try to diversify their workspace, managers must consider merit and qualifications when hiring,” Ashley Richard, Freshman at BU. Understanding how CAI National makes up the Board of Trustees is informative. There are three councils, Business Partners Council, Community Association Managers Council, and Homeowner Leaders Council. Members of these councils are voted on by their constituents. The Chair and Vice Chair of these councils make us six positions on the board of trustees. The other six positions are at-large, and three others include the president, president-elect, and past president. The nominating committee has criteria for these six Board of Trustees: diversity. When I walk into a CAI-NJ event room, I can’t say it hasn’t crossed my mind the number of women that represent the industry, so when the topic of this discussion was put on the table by the Community Trends ® Editorial Committee, I immediately looked at CAI National for the representation

I was fortunate to be discussing this issue over the kitchen table when I learned that this particular issue was part of the college curriculum. “After taking a closer look at major companies that incorporate ESG, there is an overall shift in the purpose of the company, where profit maximization is no longer the sole focus. Companies have begun integrating practices that better society, ultimately attracting even more inves tors. Social change, especially within the Governance of these companies, has been significantly impacted. When examining the specific body of certain companies, includ ing their board of directors and even their main panel of

“When I walk into a CAI-NJ event room, I can’t say it hasn’t crossed my mind the number of women that represent the industry...”

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