Which of the following statements about board diversity is FALSE? A. In support of greater diversity, several states had introduced non-binding resolutions encouraging diversity on company boards. B. Some empirical evidence showed that board diversity is positively correlated to financial performance of companies. C. A 2018 investor outreach by EY noted that one of the top priorities for institutional investors included a focus on board composition, particularly with respect to diversity. D. The progress on board diversity has nothing to do with shareholder activism