#GoodRead | Women's Progress in the Boardroom Took a Hit in 2016
"Women's Progress in the Boardroom Took a Hit in 2016":
We know that when a large corporation has more women on its board of directors, the company is likely to be more innovative. We know that companies who transition from all-male boards to those that are 30 percent female see their net revenue margins increase by 30 percent, on average. We even know that, if there is even one woman on a company's board of directors, attendance is better at board meetings.
Yet somehow, in the U.S., large public companies can't seem to seem to make any progress at all in getting more women onto their boards of directors. A new report by executive search firm Egon Zehnder finds that among large publicly-traded companies in the U.S., just 20 percent of board seats are held by women. That compares to 21 percent two years ago.