The annual Census of women directors and executive officers plays a major role in The Boston Club’s Corporate Board Program, focusing attention on the identification and development of a vital pool of female expertise for corporate leadership positions.
While progress continues to be made, hundreds of US public companies still have an all-male board of directors. Only about 10 percent of S&P 500 companies explicitly disclose individual directors’ race (ethnicity), and 8 out of 10 of those board members are white.
“Diversity Disclosure Initiative” led by Thirty Percent Coalition members Illinois State Treasurer Michael Frerichs and Connecticut State Treasurer Shawn Wooden.
A lack of diversity in gender, race, ethnicity and other demographics persists at the executive and board levels, underscoring the need for modern leadership.
quality shareholders’ understand that a wide variety of backgrounds makes a business better
...we find that banks with more gender diversity on their board perform better once the composition of these boards reaches a critical level of gender diversity, corresponding to a board female share of around 13-17 percent.
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