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Director term limits and corporate governance codes, but not quotas, help boost female representation in top executive positions, finds new study from Cambridge Judge Business School and the 30% Club
Of the women serving in the highest executive roles, 78.5% have yet to serve on a board of directors, according to a new study from Equilar and The U.S. 30% Club. According to Equilar’s BoardEdge database, there are more than 8,500 female Section 16 officers at U.S. public companies, and 6,687 of those have never been on a public company board of directors. Currently, just 1,191 are serving as board members, or 14.0% of the total.
The inaugural 30% “Action Beyond Words” seminar on Monday 4th July promoted the next steps to get more women on boards. See the full press release here.
The 30% Club applauds the encouraging progress made over the last nine months with almost 100 boardroom appointments being filled by females*. Since March 2011, 98 appointments across FTSE 100 and 250 boards have been women, resulting in 14.9% of all FTSE 100 boards now being female. 10 all-male FTSE 100 boards still exist but this is a sharp fall from 21 in 2010. Although still lagging behind, a quarter of FTSE 250 board appointments since 1 March 2011 were women.