In the Nation's Interest
Business Leaders: We Need More Women on Corporate Boards
American companies are at a competitive disadvantage because they don’t have enough women on their boards. While boards steadily increased diversity since the 1980s, progress has stalled in recent years, with little to no change. Women comprise nearly half of the US labor force and account for 59% of graduate school enrollees—but they are only 16.1% of board members. CED issued a statement calling on business leaders to take action to increase diversity in order to benefit from the perspectives of talented women. CED recommends the following actions:
- CEOs can sponsor women in their companies to serve on other boards;
- Companies should consider voluntary targets for diversity;
- Boards and nominating committees should ensure that women are included among board candidates.
Several prominent US business leaders have stepped out to endorse CED’s recommendations and ask fellow CEOs to make gender diversity a greater priority in their companies. See the list of endorsers here. To add your name to this effort please contact firstname.lastname@example.org. For more information, read CED’s full report, Fulfilling the Promise: How More Women on Corporate Boards Would Make America and American Companies More Competitive.