US small-cap companies are lagging their larger peers in adding female directors to boards, according to research by the National Association of Corporate Directors (NACD).
For the first time in history, all-male boards of directors are going the way of the buggywhip, as more and more companies not only sit women on their boards but continue to increase their number.
Washington, DC, November 19, 2019
Today, the U.S. House of Representatives passed H.R. 5084, the Improving Corporate Governance Through Diversity Act of 2019, a bill that requires public companies to
Board diversity and, by extension, board composition, is one of the top corporate governance topics to be discussed each proxy season. While the most recent Spencer Stuart Board Index indicates that the rate of change of
“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
...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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