{"id":109400,"date":"2021-01-22T19:45:24","date_gmt":"2021-01-22T19:45:24","guid":{"rendered":"https:\/\/precoinnews.com\/?p=109400"},"modified":"2021-01-22T19:45:24","modified_gmt":"2021-01-22T19:45:24","slug":"board-gains-prompt-women-to-set-new-50-representation-goal","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/board-gains-prompt-women-to-set-new-50-representation-goal\/","title":{"rendered":"Board Gains Prompt Women to Set New 50% Representation Goal"},"content":{"rendered":"

Track the forces driving change. Sign up for the Bloomberg Equality newsletter here.<\/em><\/span><\/p>\n

For the women who make up half the workforce, \u201cparity\u201d is not 22.6%.<\/p>\n

That\u2019s the message from Malli Gero as the organization she co-founded a decade ago, 2020 Women on Boards, sets a new goal this week to achieve 50-50 representation in the boardrooms of Russell 3000 companies, up from 22.6% last year.<\/p>\n

The group met its first goal, 20% women on Fortune 1000 boards, in 2017. It shifted to 20% of the larger Russell index, a goal that was surpassed in 2019. The target now is parity, and the group is changing its name to 5050 Women on Boards.<\/p>\n

\u201cTwenty percent was meant to be a baseline, not the end goal,\u201d said Gero, whose group uses email campaigns and an interactive directory of company boardroom statistics to reward companies that meet the organization\u2019s goals and pressure those that don\u2019t. \u201cI would like to live to see this happen.\u201d<\/p>\n

Researcher Equilar now estimates the Russell 3000 boards could reach gender parity by 2030, at the current rate of progress. The pace has quickened in the past few years as investors such as BlackRock Inc. and Vanguard Group have been voting against directors at companies that lack women on their boards. Also, California passed a law in 2018 that required at least one woman on most boards by 2019 and as many as three by the end of this year. Consultants such as McKinsey & Co. Inc. have found that the diversity of a company correlates with improved financial performance.<\/p>\n

So far, 5050 Women on Boards says 154 companies in the Russell 3000 have equal or female-majority boards. Another 221 have no women, and 843 have only one. To add more pressure, the group plans an email campaign to encourage companies with only one female director to add more, reminding them that \u201cone is not done,\u201d Gero said.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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