Women in Cleantech & Sustainability
Join Women in Cleantech & Sustainability for the kickoff event of our 2020 Executive Leadership Workshop series: More Women on Corporate Boards. While in the last few years, there’s been a push by state and national governments to require more gender diversity representation on corporate boards, women are largely underrepresented as corporate board members.
As of 2018, women held only 20.8% of the board seats on Russell 1000 companies. While up from 17.9% in 2015, the progress is slow. Of that, women of color represented only 3% of Boards of Fortune 500 companies, and yet were two times as likely to serve on multiple boards.
Currently, women comprise about 50% of the U.S. workforce, including 50% of all management positions. Women are also responsible for almost 80% of consumer spending and account for 10 million privately-held firms generating 13 million jobs and 1.9 trillion in sales. Yet we are under represented at the governance level of corporations.
Multiple studies and ESG indices provide definitive correlations between BOD diversity representation and higher company performance. Findings by the US Federal Reserve, “…suggest that banks’ continued voluntary expansion of board gender diversity is likely to bring overall performance benefits”.
Join WCS for a panel discussion to explore reasons for under-representation and how to achieve higher diversity on Corporate Boards.