🚨𝐅𝐞𝐥𝐥𝐨𝐰 𝐖𝐨𝐦𝐞𝐧 𝐄𝐱𝐞𝐜𝐮𝐭𝐢𝐯𝐞𝐬 𝐚𝐧𝐝 𝐀𝐥𝐥𝐢𝐞𝐬: 50/50 Women on Boards published their Q1’24 report, signaling an alarm on the backwards rate of progress in reaching gender parity on boards. 𝐀𝐭 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐫𝐚𝐭𝐞, **2045** 𝐢𝐬 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫 𝐩𝐚𝐫𝐢𝐭𝐲 𝐰𝐢𝐥𝐥 𝐨𝐜𝐜𝐮𝐫—𝐭𝐡𝐚𝐭’𝐬 𝐨𝐯𝐞𝐫 2 𝐝𝐞𝐜𝐚𝐝𝐞𝐬 𝐚𝐰𝐚𝐲!
𝐃𝐢𝐝 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰?
➸Companies with less diverse boards are more likely to exit the Russell 3000 list due to factors such as sales, mergers, or bankruptcy.
➸Research by the London Business School confirms companies with more women on their boards have higher returns on equity, higher valuations, lower likelihood of shareholder dissent, and stronger boardroom relationships and collaboration.
𝐘𝐞𝐭… 𝐆𝐞𝐧𝐝𝐞𝐫 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐭𝐲 𝐦𝐨𝐦𝐞𝐧𝐭𝐮𝐦 𝐨𝐧 𝐔𝐒 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐛𝐨𝐚𝐫𝐝𝐬 𝐡𝐚𝐬 𝐬𝐭𝐚𝐥𝐥𝐞𝐝.
According to the report:
➸For the period ending March 31, 2024, 𝘰𝘯𝘭𝘺 30.7% of the 587 new board positions were filled by women, the lowest since 2017.
➸Women hold only 29.7% of board seats in Russell 3000 companies.
➸Only 12% of the Russell 3000 has gender-balanced boards, totaling 354 companies, up by just one from Q4 2023.
➸Women and men of color together hold 𝘰𝘯𝘭𝘺 19.4% of board seats.
𝐖𝐡𝐚𝐭 𝐜𝐚𝐧 𝐖𝐨𝐦𝐞𝐧 𝐝𝐨?
▷Highlight and share your expertise.
▷Request employer-funded programs for board readiness.
𝐖𝐡𝐚𝐭 𝐜𝐚𝐧 𝐌𝐞𝐧 𝐝𝐨?
▷Mentor and recommend women for board roles.
▷Ensure women and women of color are on board candidate lists.
𝐖𝐡𝐚𝐭 𝐜𝐚𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐝𝐨?
▷Sponsor board readiness & training to women, including women of color.
▷Aim for a board with at least 3 women.
𝐒𝐡𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐢𝐝𝐞𝐚𝐬 𝐭𝐨 𝐜𝐥𝐨𝐬𝐞 𝐭𝐡𝐞 𝐠𝐚𝐩
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GDI: First Quarter 2024 Key Findings - 50/50 Women on Boards (5050wob.com)