More Women in Business Hold Executive Roles With Strong Outlook for the Future

By Thomas Price Wednesday, January 15, 2020

As businesses have been working to create a more equitable space of diversity, inclusion, and ideas, one of the major components to achieving this goal is promoting women and minorities to higher executive positions. These types of positions are finally given to women, and according to the Women Business Collaborative: Women Joining Public Boards November Monthly Report, the posted numbers reflect this exact new business trend. In fact, the improvements seen across the board look only to continue as well with the movement of progress paving a smooth path ahead. Given the new possibilities for women to break the glass ceiling these days, what are the numbers of executive positions observed for women in public boards, how does this play into the larger picture, and what can be expected in the future?

Women Joining Public Boards Monthly Report

The Women Business Collaborative is a widespread alliance between different women’s business organizations all working toward a more equitable workplace that has equal pay, better representation, and pushing for progressive change in the business world. There are over 43 top women’s organizations apart from the Women Business Collaboration with millions of individual men and women as members.

The specified goals of the collaborative break down into nine different initiatives. These initiatives include: more women as CEOs, parity in gender pay, increasing capital for women entrepreneurs, more women as controllers of capital allocation, equity for women in underrepresented business sectors, and the use of education to drive pipeline promotions. Part of this work involves reporting on the statistics of hiring and job practices which can give greater clarity both into where there is major room for improvement, and also where there is a positive trajectory. The latest in these reports has been the Women Joining Public Boards Monthly Report’s statistics for November, which have been promising.

In fact, in just November alone, 112 out of the 266 different public board seats were appointed to women. That number represents women making up 42% of appointments, and while not nearly at the desired level, is still showing positive change. This improvement is already a nearly 2% increase from October, where only 40.2% of appointments were given to women.

This increase, while small, is representative of a much larger current movement within the corporate world, spearheaded by NASDAQ. NASDAQ has over 3,000 major companies listed on its stock exchange, and the company has recently made a very public call to these companies to significantly improve their boardroom diversity. The call is to appoint at least one woman and one LGBTQ+ or minority individual, which may not seem like major strides forward but would represent a significant change if all 3,000 companies were to follow through on implementing this change. These sorts of initiatives are moving closer to the Women Business Collaboration’s future plans for women in boardrooms.

Women Business Collaboration’s Long-Term Goals

Of the many WBC’s long-term goals, for women in boardrooms, the major milestones will be for 30% of the Fortune and S&P 500, and Russell 3000 board seats to be held by women by 2025, reaching 40% by 2030; 10% of the 30% to be women of color by 2025, reaching 25% by 2030; and 50% of the seats held by women to be held by women of color or women representing other minority groups by 2030.

While these numbers are still not yet in grasp, the record-breaking 112 women recently appointed to public board positions show how quickly corporate diversity changes are happening. Within the next decade, there should be significant progress for women even at the absolute highest level of corporate leadership.

About the Author

Headshot for author Thomas Price

Tom Price is a writer focusing on Entertainment and Sports Features. He has a degree from NYU in English with a minor in Creative Writing. He has been previously published for Washington Square News, Dignitas, CBR, and Numbers on the Boards.

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