By Lucy Dollens, Quarles & Brady LLP
A recently released news report offers statistics regarding the numbers of women rising to corporate board positions. While it is expected that gender balance on corporate boards will take longer than anticipated, this article addresses the increase in women on corporate boards since 1997.
The U.S. Government Accountability Office looked at data from S&P 1500 companies from 1997 to 2014 and found that women currently hold 16 percent of board seats compared to 8 percent in 1997. While the U.S. Government Accountability Office concluded that various factors hindered women, including unconscious bias and lack of priority placed on finding female board candidates, it also noted that medium-size companies were statistically better at placing women on their boards when compared to smaller companies.
Understanding the statistics and a greater awareness of the issues can only help any initiative to increase the number of women in corporate governance across the U.S.
This post was written by Lucy Dollens, Quarles & Brady LLP. If you would like to submit content or write an article for the Women and the Law Division, please email Rachel Beachy at firstname.lastname@example.org.