Experienced company executive Stephen Singleteary is a financial and legal advisor based in Miami, Florida. In his advisory work, Stephen Singleteary advocates for gender parity in company board positions.
Women have long been denied equal opportunities in boardroom matters. However, according to a report by executive-search firm Heidrick & Struggles, there has been significant progress toward gender parity. The document states that in 2017, women comprised 38 percent of all newly-appointed directors in Fortune 500 companies.
In another Wall Street Journal (WSJ) report, data gathered by ISS Analytics from the 3,000 largest public companies in the US revealed that, as of June 2018, 31 percent of new directors were women. The WSJ theorizes that a recent shift toward more women was largely motivated by the #MeToo movement.
Still, there is room for more improvement. Women occupied just 18 percent of board positions in the 3,000 companies studied. Only 10 percent of independent directors were women, while only 4 percent of boards had women as chairs. In Fortune 500 companies, 22.2 percent of board seats were held by women in 2017.
There is still a need for gender equity and diversity. Companies perform better with more women on board. An analysis by Harvard’s School of Public Health found that the top 25 percent of companies with the largest ratio of women on their boards had a 42 percent greater return on sales than the bottom three quarters.
Women have long been denied equal opportunities in boardroom matters. However, according to a report by executive-search firm Heidrick & Struggles, there has been significant progress toward gender parity. The document states that in 2017, women comprised 38 percent of all newly-appointed directors in Fortune 500 companies.
In another Wall Street Journal (WSJ) report, data gathered by ISS Analytics from the 3,000 largest public companies in the US revealed that, as of June 2018, 31 percent of new directors were women. The WSJ theorizes that a recent shift toward more women was largely motivated by the #MeToo movement.
Still, there is room for more improvement. Women occupied just 18 percent of board positions in the 3,000 companies studied. Only 10 percent of independent directors were women, while only 4 percent of boards had women as chairs. In Fortune 500 companies, 22.2 percent of board seats were held by women in 2017.
There is still a need for gender equity and diversity. Companies perform better with more women on board. An analysis by Harvard’s School of Public Health found that the top 25 percent of companies with the largest ratio of women on their boards had a 42 percent greater return on sales than the bottom three quarters.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.