50/50 Women on Boards™ (50/50WOB), the leading nonprofit education and advocacy campaign driving the movement toward gender balance and diversity on corporate boards, announced that as of Dec. 31, 2022, women hold only 28.4% of the Russell 3000 company board seats. This represents a 0.2% increase from the previous quarter, and a 1.7 percentage increase year-over-year. More disconcerting is the percentage of women joining boards continued to slip in Q4 2022 to 36% and worse, the percentage of women joining boards in 2022 was 39%, significantly lower than 2019 and 2021, which were over 40%. To reach gender parity by 2030, the percentage of women joining boards on an annual basis needs to surpass 50%.
Using the data provided by Equilar, other significant Q4 2022 findings include:
To read the full report, please visit: https://5050wob.com/reports/.
“Since 2010, we have been educating corporations on the business imperative of diverse boards by offering leadership development and board readiness training through our workshops and events; however, it’s not enough. This past year the pace slowed, which invertedly continues to impact the pipeline of women in leadership,” said Betsy Berkhemer-Credaire, Chief Executive Officer of 50/50WOB. “Corporations must continue to advance women in the workplace and male leaders need to act by adding women and women of color to corporate board positions – our organization is committed to helping them get there.”
For more information, please visit: https://www.linkedin.com/company/5050-women-on-boards/.
About 50/50 Women on Boards (50/50WOB)
50/50 Women on Boards™ (50/50WOB) is the leading global nonprofit education and advocacy campaign driving the movement toward gender balance and diversity on corporate boards. Since 2010 the campaign has published its 50/50 Women on Boards Gender Diversity Index™ directory and research reports to track the gender and racial diversity of Russell 3000 company board directors. Educational programs and advocacy efforts produced by 50/50WOB include its annual Global Conversation on Board Diversity™, year-round board-readiness educational workshops for individuals and corporate groups, and the Networking Hub for alumni to connect to experts and corporate directors in support of their board journey. For more information visit, www.5050wob.com.