Women’s representation on Fortune 500 company boards saw no significant gain in 2013, the eighth consecutive year without significant improvement according to Catalyst, the nonprofit organization dedicated to improving opportunities for women and business. Women hold just 16.9% of board seats at the largest U.S. companies and fill only 14.9% of CEO positions. Catalyst says this is the fourth consecutive year of flat growth in CEO representation. Also stagnant is the 8.1% of top-earner slots held by women.
Women of color hold just 3.2% of board seats, according to the 2013 Catalyst census. Just one in 10 Fortune 500 companies has a female director.
“It’s hard to believe that at the end of 2013 we still see more than a few all-male corporate boards and leadership teams,” said Catalyst President-CEO Ilene H. Lang. “Diverse business leadership and governance are correlated with stronger business performance, employee engagement, and innovation. Shareholders beware: a company with no women at the top is missing one of the biggest opportunities in the marketplace today.”
You can download and read the complete 2013 Catalyst Census: Fortune 500 Women Board Directors here. The 2013 Catalyst Census: Fortune 500 Women Executive Officers and Top Earners report can be downloaded here.
Why has the number of women on major corporation boards plateaued? Step up and share your opinion on GlassCeiling.com.