#GAReads | Which Types of Companies Are Adding Women to Their Boards, and Which Aren’t
California recently passed a law requiring public firms headquartered in the state to include at least one woman on their boards by the end of 2019. The proposal has led to criticism that board quotas have unintended consequences. Others have claimed that a quota might be necessary to combat the glacial pace of voluntary change in boardrooms.
Our contribution is to bring hard data to pinpoint where regulators and commentators might want look to address gender disparity. In particular, we have gathered data on every board appointment and resignation filed with the SEC for all public companies with more than $75 million in market capitalization since April 1, 2018. The findings are eye-opening.