Full Disclosure - The 2017 Census of Women Directors and Executive Officers of Massachusetts Public Companies

Gains in gender diversification in boardrooms and executive suites in the 100 largest public companies in Massachusetts were minimal this past year. Moreover, we have TheBostonClub lost ground  in some critical areas for both directors and executive officers.

Some Progress and Some Retraction in Boardrooms One Step Forward, Two Steps Back in Executive Suites

  • Women account for a record high 19.2% of the directors on the boards of the 100 largest public companies in Massachusetts, 0.6% more than a year ago.
  • 84 of the 100 Census companies have one or more women directors. This is one more than last year.
  • 23 companies now have three or more women directors, up from just nine in 2014.
  • Sixteen directors of the Census companies are women of color. This is one less than a year ago and represents just 1.9% of all directors, down from 2.0% last year.
  • For the third year in a row, women comprise a lower percentage of new independent directors added to the boards of Census companies. This year women accounted for 28.6% of the new independent directors, compared to 31.7% in the 2016 Census and 33.9% in 2015.
  • Five of the continuing Census companies with no women on their boards added more male directors this year.

One Step Forward, Two Steps Back in

  • 12.4% of the executive officers of Census companies are women, an increase of 0.4% from a year earlier.
  • Forty-seven Census companies have no women executive officers, two more than a year ago.
  • More than two-thirds (68%) of the Census companies have no women among their top-paid executives, three more companies than last year.

The “Zero-Zeroes” are on the Rise

  • Ten Census companies are “zero-zeroes,” i.e., have no women directors and no women executive officers. This is one more than a year ago.

pdfarrrowThe full report

There should be an expectation in business that the selection process is based entirely on merit...Given the disproportionate number of men to women in senior roles, business should question the soundness of their meritocracies.

Sir Philip Hampton, Chairman GlaxoSmithKline

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