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2020 Women on Boards’ 2019 Gender Diversity Index Shows Women Make Historic Progress Toward Gender Balance on Corporate Boards

November 14, 2019 GMT

LOS ANGELES--(BUSINESS WIRE)--Nov 14, 2019--

2020 Women on Boards (2020WOB), the preeminent education and research campaign tracking the progress of women on corporate boards in the U.S. over the last ten years, released its annual 2019 Gender Diversity Index (GDI) today showing that while women corporate directors hold a record 20.4% board seats nationally for the first time, 311 companies in the Russell 3000 Index still have no women on their boards.

According to data on the 3000 largest U.S. companies provided by Equilar and analyzed by 2020WOB, 600 women were selected for corporate boards in the first six months of this year.

Nearly two-thirds of corporate boards of all Russell 3000 companies changed their board composition between July 2018 and June 2019, and the majority of boards that added women corporate directors actually increased the total number of directors in order to add these women. Gains for women corporate directors accelerated in 2019, and the number of companies with 20% or more women increased by nearly 10% since last year.

“This growth in gender diverse boards is unprecedented,” remarked Stephanie Sonnabend, co-founder of 2020 Women on Boards. “We interpret this to mean that our educational and advocacy programs are having an extremely positive effect on corporate boards and their succession planning. Thousands of women are learning through our programs how to navigate their own careers toward corporate boards, and it’s working.”

Today’s 2019 GDI report also tracks the representation of women directors by company size, state, and industry sector. Key insights include:

The full 2019 Gender Diversity Index report is available at https://2020wob.com/educate2/#ourReport.

On Nov. 21, 2019, the National Conversation on Board Diversity, an annual gathering attended globally by 10,000 men and women to discuss strategies for getting more women on boards will be staged in more than 30 cities by 2020WOB. The full list of participating cities is here: https://2020wob.com/collaborate/

ABOUT 2020 WOMEN ON BOARDS

2020 Women on Boards (2020WOB) is a global education and advocacy campaign committed to building public awareness and momentum toward increasing the numbers of women directors on corporate boards. 2020WOB’s “Gender Diversity Directory” is searchable by state, industry, company name, size, and number of women on every individual company board in the Russell 3000. www.2020WOB.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191114005909/en/

Caitlin McShane, 415-225-8855,caitlin@emcstrategies.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES EDUCATION CONSUMER WOMEN CONSULTING TRAINING

SOURCE: 2020 Women on Boards

Copyright Business Wire 2019.

PUB: 11/14/2019 05:21 PM/DISC: 11/14/2019 05:21 PM

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