Coalition Members News

The 2019 Census of Women Directors and Executive Officers of Massachusetts Public Companies TheBostonClub

“In 2003, 50 of the largest 100 public companies in Massachusetts had no women on their boards of directors, and women held only 74 of the 822 total board seats. 56 of the 100 companies had no women executive officers. In this 2019 Census, women comprise a record high 24.0% of the total board seats, and 98 companies have at least one woman director. Only one company among the 100 has no women directors or executive officers, down from 8 ‘zero-zeroes’ just last year.

Coalition Members News

kpmgAs boards seek to improve their effectiveness and consider how best to carry out their oversight role amid rapid change and shifting expectations, diversity—of skills, background, and experience—must be top of mind. Institutional investors and other stakeholders, including employees and customers, continue to focus

References&research

McKinsey and Company Logo

In the last five years, we’ve seen more women rise to the top levels of companies. An increasing number of companies are seeing the value of having more women in leadership, and they’re proving that they can make progress on gender diversity. This is an important step in the right direction.

Coalition Members News

Coalition Pushes Board Diversity Benefits and Best Practices; Urges Region’s Companies to Appoint More Women and People of Color to Boards of Directors

HARTFORD, CT ― Today, Connecticut State Treasurer Shawn T. Wooden30PC LogoMobileMember, along with institutional investors from states across the region, announced the Northeast Investors’ Diversity

References&research

SPGlobal

The study finds that firms with female CFOs are more profitable and generated excess profits2 of $1.8T over the study horizon.

Key Takeaways

  • Firms with female CEOs and CFOs have produced superior stock price performance, compared to the market average.

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...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.

 

 @30PercentCo