The Wall Street Journal reports that women now hold one out of every five seats on the corporate boards of America’s 3,000 largest publicly-traded companies. This increase of women’s representation on corporate boards increased from 15 percent in 2016 to 20 percent this year, according to data from Equilar.
a Human Touch
The Perfect Balance
The latest Fortune 500 list reveals a record number of 33 women serving as chief executive officer in the highest-grossing companies. While 33 women is just 6.6 percent of all CEO positions, this is a significant increase from the 24 women CEOs included in 2018.
California Governor Jerry Brown signed the SB 826 “Women on Corporate Boards” bill this past weekend, a landmark legislation requiring female representation on corporate boards. Specifically, SB 826 requires that at least one woman be on the board of publicly held companies in California by year end 2019. Despite concerns over its potential efficacy, the bill is an important step in diversity and inclusion, as well as for the advancement of women.
June 21, 2018
The Hon. Monique Limon
Chair, Banking and Finance Committee
California State Assembly
State Capitol, Sacramento, CA
Dear Hon. Monique Limon,
This letter expresses the support of Women in the Housing & Real Estate Ecosystem (NAWRB) for the passing of SB 826, “Women on Corporate Boards.” Having diverse members on corporate boards is not only an ethical decision—it’s good for business. Credit Suisse research demonstrated that companies are more profitable and more productive when they have at least three women directors on their boards, especially in return on equity and stock performance.