For the first time in eight years, the percent of women on U.S. corporate boards declined last year.
Despite more evidence about the benefits of the increasing the number women on boards (such as better decision making), and mounting pressure from groups like State Street Global Advisers and Blackrock to do so, the data suggest it will take until the end of 2055 to have board parity in the U.S. if we continue at the current rate. This is where CEOs can help.
Board appointments are highly influenced by CEOs, and they can do a better job of advocating for getting more women on the board. Fortunately, some are leading the way.