Pax World President and CEO Joe Keefe Honored by Women’s eNews as One of 21 Leaders for the 21st Century
PORTSMOUTH, N.H.///May 4, 2012/// Pax World Management LLC, investment adviser to Pax World Funds (Pax World), announced today that President and CEO Joe Keefe has been named by Women’s eNews as one of “21 Leaders for the 21st Century,” where he is the sole male honoree. Each year, Women’s eNews honors twenty women and one male for having demonstrated their commitment to improving the lives of women and girls and the capacity to continue to improve the future for all. This year’s Leaders were honored at a Gala Benefit Dinner on May 3 in New York City.
Women’s eNews is an award-winning nonprofit news service covering issues of particular concern to women and providing women’s perspectives on public policy. The 21 Leaders are divided into three categories: Seven Who Catalyze Culture, Seven Who Engender Ballots, and Seven Who Leverage Power. Keefe is recognized as a leader who leverages power for Pax World’s role in using its share ownership in major corporations to press for an increase in the number of women on corporate boards.
“I’m honored to accept this award,” says Keefe. “Gender equality is not just an urgent moral imperative but also an urgent economic imperative, critical for businesses and therefore for investors. Studies have shown that where women are better represented on corporate boards and in corporate management, companies perform better, so this is something investors need to care about.”
Pax World has long included diversity analysis and gender criteria into the research it conducts for its mutual funds and also manages the Global Women’s Equality Fund (PXWEX), the only mutual fund in America that focuses on investing in companies that are global leaders in advancing gender equality and women’s empowerment. The company also opposes all-male corporate board slates and last year launched a “Say NO to All Male Boards” campaign urging other institutional investors to follow Pax’s lead in adopting proxy voting policies opposing all-male boards.
Keefe is also the Chair of the Board of Women Thrive Worldwide (www.womenthrive.org), a Washington, DC-based non-profit advocating for shaping U.S. development assistance and trade policy to benefit women and girls living in poverty around the globe.
About Pax World Management LLC
Pax World Management LLC, the investment adviser to Pax World Funds, is a recognized leader in Sustainable Investing, the full integration of environmental, social and governance (ESG) factors into investment analysis and decision making. Pax World launched the financial industry’s first socially responsible mutual fund in 1971. Today, Pax World offers a comprehensive platform of Sustainable Investing solutions including Pax World Funds, a family of no-load mutual funds; ESG Managers® Portfolios, multi-manager asset allocation funds powered by Morningstar Associates; ESG Shares®, the first family of exchange traded funds (ETFs) devoted exclusively to a Sustainable Investing approach; and separately managed accounts1 for institutional investors. For more information, visit www.paxworld.com.