In the Margins

Getting a seat on the board is harder for women

February 8, 2018

By The Wall Street Journal

Women looking to land their first board seats have a much tougher time than men, according to recruiters and corporate directors. The proportion of women on S&P 500 company boards grew just one percentage point to 22% last year—up from 16% in 2007, executive recruiters Spencer Stuart reported. And women represented 42% of the latest novice directors that S&P 500 companies disclosed in 2017 proxy statements. That is up from 32% in 2016, but down from 44% in 2015, according to Spencer Stuart. Some businesses are now trying to solve this problem in the face of intensified shareholder pressure for more female directors. For example, BlackRock has said that companies in which it invests should have at least two women on their boards. Read the original story from The Wall Street Journal.