Sad Stat: Alarmingly Few Women Hold Board Seats In California
5:04 pm, December 7th | by Amy Tennery
We already knew that scant few women occupy seats in U.S. boardrooms. But the numbers in California might actually be worse than the rest of the country. What?
Turns out that women account for just 10 percent of the boardroom members at the 400 biggest public companies in California, according to a new report today from non-profit group Watermark and UC Davis (you can see the press release here). Compare that to the 15 percent of women in the boardroom at companies across the U.S., according to Forbes data. Even worse, the Watermark report showed that a third of the 400 companies studied had no female board directors or high-ranking executives. What gives?
Watermark CEO Marilyn Nagel addressed that issue… kind of:
“Every year, this study delivers eye-opening results that spur us on to fight for equal representation in the boardroom and executive-level positions. Reasons for underrepresentation of the female demographic in these roles is puzzling, especially given the industry statistics proving success among female-led businesses.”