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Students also wary of sectors with reputation for gender inequality
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.