Women on Corporate Boards
One of the key initiatives at the Enterprise Institute of NAWBO-LA is to increase the number of women serving on corporate boards by recognizing and connecting accomplished women and further expanding their influence within their respective business communities.
The business case is clear. The recent study of 353 “Fortune 500” companies by Catalyst is the latest to confirm that the more women in high positions, the more profitable the company. Research indicates that having a diverse group of leaders brings valuable breadth of perspective to decision making. Researchers are also making links between diversity and good governance. It’s time for CEOs to focus on creating material and sustained progress on recruiting and promoting more women into leadership roles.
ENTERPRISE INSTITUTE RESEARCH
Using the Los Angeles Business Journal’s list of the to 200 publicly held companies in Los Angeles, as well as Fortune 1000 companies in Los Angeles, Orange and Riverside counties, the Enterprise Institute of NAWBO-LA developed a sample of the Fortune 1000 and to 200 publicly held companies in the Los Angeles area. This report analyzes the number of women directors.
The results indicate that women have only a small presence on boards of Los Angeles public companies, far out of proportion of their numbers and the influence they have on purchase decisions.
Click here to view the full report.