In the Nation's Interest

A New Year’s Resolution for the Boardroom

The new year is approaching rapidly and so it is appropriate that we plan for our resolutions. In the corporate governance world, one should be greater participation by women on corporate boards. 

The good news is that, over the past decade, the percent representation has increased by a few points and women now represent about 19 percent of board positions. The bad news is that, at this glacial pace, it will take decades for women to reach parity participation.

Consider the importance of women in the U.S. economy:

  • The majority of the population are women.
  • Women make up nearly half the workforce.
  • They earn more college degrees than men.
  • 85 percent of consumer decisions are made by women.
  • They control over half of all U.S. wealth.

But today, women hold less than one in five Fortune 1000 board seats. So women are the majority of our customers, employees, owners, and community. They form the majority of all corporate constituencies, and yet they are incredibly under-represented in the institution designed to guide the decisions that impact those very constituencies — the corporate board.

Continue reading on CNBC.com.