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These 27 Boards Have Reached Gender Parity

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November 14, 2017

Each quarter, Equilar undertakes a study that analyzes representation of women on corporate boards of directors. As of Q3 2017 Gender Diversity Index (GDI), about one in six director positions in the Russell 3000 belonged to women, which is up 1.1 percentage points from the previous year, but remained flat from quarter to quarter.

The Equilar GDI was initiated to track how long it would take for public company board of directors to reach gender parity. While very few boards have achieved 50% representation of women, an increasing number of companies are reaching that milestone each quarter, and this most recent period covered by the study saw an acceleration in that regard.

As of September 30, 2017, 27 companies in the Russell 3000 had at least 50% of board seats occupied by women, up from 24 in the previous quarter, and up from just 21 in 2016.

The list of boards currently at parity is below.

Company Number of Directors Number of Women % Women
Tootsie Roll Industries, Inc.
4 3 75.0%
Viveve Medical, Inc.
6 4 66.7%
Connecticut Water Service, Inc.
8 5 62.5%
American Water Works Company, Inc.
7 4 57.1%
Build-A-Bear Workshop
7 4 57.1%
Zendesk, Inc.
9 5 55.6%
Williams-Sonoma, Inc.
9 5 55.6%
Chico's FAS, Inc.
9 5 55.6%
Caleres, Inc.
11 6 54.5%
Navient Corporation
11 6 54.5%
Ascena Retail Group, Inc.
10 5 50.0%
Viacom, Inc.
10 5 50.0%
CompX International Inc.
8 4 50.0%
Select Comfort Corporation
10 5 50.0%
Alliant Energy
10 5 50.0%
Libbey Inc.
8 4 50.0%
Spire Inc.
8 4 50.0%
Exponent, Inc.
6 3 50.0%
Tellurian Inc.
8 4 50.0%
Zynga Inc.
8 4 50.0%
Trevena, Inc.
8 4 50.0%
Simpson Manufacturing Co., Inc.
8 4 50.0%
Red Robin Gourmet Burgers, Inc.
8 4 50.0%
Valhi, Inc.
6 3 50.0%
Hologic, Inc.
8 4 50.0%
Etsy, Inc.
6 3 50.0%
Navios Maritime Acquisition Corporation
6 3 50.0%

The number of boards that have between 40% and 50% women is rising as well. Collectively, 75 boards now have at least 40% women, up from 63 in 2016. This figure remains small—representing about 2.5% of all public companies. However, the acceleration underscores the efforts many boards are undertaking to bring board composition more in line with the demographics of their stakeholders, workforce and customers.

The list of companies between 40% and 50% women on the board is also available by request. Please contact info@equilar.com for more information.


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Dan Marcec, the Director of Content & Communications at Equilar, authored this article. Thao Nguyen, research analyst, and Courtney Yu, director of research, also contributed.


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