NACD and e.l.f. Beauty Join Forces to
Change the Landscape of Corporate Boardrooms
WASHINGTON, Jan. 25,
2024 /PRNewswire/ -- Today, the National
Association of Corporate Directors (NACD), the authority on
boardroom practices representing approximately 24,000 directors
nationwide, announced a new partnership with the trailblazing
beauty company, e.l.f. Beauty (NYSE: ELF).
Currently, there are only four public companies in the United States (out of 4,200+) with a board
of directors that is two-thirds women and one-third diverse—one of
which is e.l.f. Beauty. The company puts women and diversity in the
highest level of decision-making power, and the business results—19
consecutive quarters of growth—speak for themselves.
Since its founding 20 years ago, e.l.f. Beauty—whose acronym
stands for "eyes. lips. face."—has made the best of beauty
accessible through premium quality cosmetics and skin care sold at
an extraordinary value. Their vision is to create a different kind
of beauty company through positivity, inclusivity, and
accessibility, and the company is committed to championing every
eye, lip, and face in beauty and beyond. Through their partnership
with NACD, e.l.f. Beauty is proud to take a meaningful role in
helping organizations assemble diverse and inclusive boards.
NACD and e.l.f. Beauty are united in their belief that a
commitment to diversity, equity, and inclusion (DE&I) starts
with a highly skilled, diverse, and inclusive board. Their
partnership will raise awareness of the pivotal work being done by
the NACD Center for Inclusive Governance™ to create pathways for
diverse talent and foster systematic change that will shape the
American boardroom.
Together, NACD and e.l.f. Beauty will launch action-led
initiatives in support of this mission:
- e.l.f. Beauty will sponsor Board preparation training for 20
director candidates through the NACD Accelerate™ program.
The candidates will be sourced by NACD, e.l.f. Beauty, and a
variety of NACD-affiliated partners that work with the Center for
Inclusive Governance. NACD Accelerate is a unique, two-year program
that creates a pathway for executives with little or no experience
in the boardroom to prepare for board service.
- e.l.f. Beauty will be a sponsor of the NACD Center for
Inclusive Governance (CFIG). CFIG focuses on DE&I
governance and oversight and on bringing together the
expertise, resources, and influence to create systemic change to
shape the American boardroom.
"We're proud to partner with an organization that cares so
deeply about DE&I practices," said Peter Gleason, NACD president and CEO. "We know
that the e.l.f. Beauty sponsorship of the NACD Center for Inclusive
Governance will benefit not only NACD, but all our members and
employees."
"We are honored to join NACD to impact positive change," said
Tarang Amin, e.l.f. Beauty chair and
CEO. "It takes intention to create change, and like NACD, e.l.f.
Beauty is passionate to influence diverse, equal, and inclusive
boardrooms. At e.l.f., we have demonstrated that diverse governance
drives long-term business growth and unlocks the full potential of
a company. We are deeply committed to helping other companies
diversify their boards and shape cultures to create positive,
empowering, long-lasting change."
About NACD:
The National Association of Corporate Directors (NACD) is the
premier membership organization for board directors who want to
expand their knowledge, grow their network, and maximize their
potential. As the unmatched authority in corporate governance, NACD
sets the standards of excellence through its research and
community-driven director education, programming, and publications.
Directors trust NACD to arm them with the relevant insights to make
high-quality decisions on the most pressing and strategic issues
facing their businesses today. NACD also prepares leaders to meet
tomorrow's biggest challenges. The NACD Directorship Certification®
is the leading director credential in the
United States. It sets a new standard for director
education, positions directors to meet boardroom challenges, and
includes an ongoing education requirement that prepares directors
for what is next. With an ever-expanding community of more than
23,000 members and a nationwide chapter network, our impact is both
local and global. NACD members are driven by a common purpose: to
be trusted catalysts of economic opportunity and positive change—in
business and in the communities we serve. To learn more about NACD,
visit nacdonline.org.
About e.l.f Beauty:
e.l.f. Beauty builds brands designed to disrupt norms, shape
culture, and connect communities through positivity, inclusivity,
and accessibility. A digitally disruptive brand from the start, we
launched in 2004 selling premium-quality makeup
for $1 online. Today, we have five visionary,
purpose-driven brands, all of which make the best of beauty
accessible to every eye, lip, face, and skin concern. Our brand
portfolio includes e.l.f. Cosmetics, e.l.f. SKIN, Naturium, Well
People, and Keys Soulcare. With a focus on clean, cruelty free, and
vegan products, we are also the first beauty company with a Fair
Trade™ certified manufacturing facility. e.l.f. Beauty brands are
sold online and at leading beauty, mass market, and specialty
retailers in the US and internationally.
Press Contacts
Shannon
Bernauer
sbernauer@nacdonline.org
571-367-3688
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SOURCE National Association of Corporate Directors