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Women on Large Company Boards — Record Numbers

Posted By Administration, Tuesday, July 16, 2019

A survey from executive recruiter Heidrick & Struggles says more women than ever are now serving on the boards of directors of the largest companies in the world. Data the company published a few days ago says close to 40% of the new directors serving on the boards of Fortune 500 firms are women.

That is the most in the 10-years the company has been doing this survey. It is double the 2010 share. At that time the number of women on those boards was 22.5%.

Spokeswoman Bonnie Gwin said in a lot of cases women are replacing women but others are expanding to add female members. Many companies are spinning off companies and those companies are creating boards.

That often keeps the percentage share unchanged.

“People and boards are deadly serious about the business value and the leadership value of leading in this area,” Gwin said. “I really do see a shift at corporations, really around the world.”

Source link: Insurance Business America

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