2020 Women On Boards Recognizes Eight Illinois Companies For Gender Diversity In The Board Room

State’s Corporate Boards Still Lag in Gender Diversity at 19.5%; Only 32% of IL Fortune 1000 Companies Have 20% or More Women on Boards
Chicago
November 8

The Chicago Campaign of 2020 Women on Boards, a national organization that aims to boost female representation on corporate boards to 20 percent or greater by the year 2020, on Wednesday, Nov. 15, will recognize eight Chicago-area companies for leadership in gender diversity on their boards.
 
The companies – Abbott; the Allstate Corp.; Associated Banc-Corp.; Deloitte LLP; Arthur J. Gallagher & Co.; Ingredion Inc.; McDonald’s Corp.; and The Metropolitan will receive Ambassador Awards at the event, to be held at Deloitte’s Chicago offices. Through 2016, each company had achieved board representation of at least 20 percent women for the past six years or more.
 
“Diversity of thought leadership on boards is essential for the sustainability of business of all sizes, as well as for the greater public good,” said Kathy Graham, chair of the 2020 Women on Boards Chicago Campaign Committee. “That is why it is so important that Illinois organizations reach the goal for gender diversity on corporate boards by its deadline of 2020 or sooner.”
 
“Recent allegations of longstanding abuse of women by leaders of well-known companies with zero representation of women on their boards underscore the urgency of this effort,” Graham said.
 
Only eight—or roughly 10 percent—of the 77 Illinois-headquartered Fortune 1000 companies had 20 percent or more of their boards comprised of women during the past six years through 2016, Graham noted, citing statistics compiled by 2020 Women on Boards.
 
Moreover, of the 177 companies in the Russell 3000 Index headquartered in Illinois, 43 percent had zero or only one woman on their boards in 2016, the most recent full year for which board data is available, she said.
 
According to 2020 Women on Boards Gender Diversity Index released today, women hold 19.5% of the board seats for Illinois companies tracked in the index, just shy of the 2020 goal.
 
 
The 6th Annual Conversation on Board Diversity
 
Malli Gero, president and co-founder of the 2020 Women on Boards national campaign, will deliver opening remarks beginning at 5:30 P.M. at the Nov. 15 event in Chicago, part of a nationwide discussion in November entitled The 7th Annual National Conversation on Board Diversity. Across the country, it is expected to bring together thousands of C-suite and senior-level executives. In Chicago, Gero will provide new research on the positive impact of board diversity.
 
Keynote speakers at the Chicago event will include Kelly C. Chambliss, a board director with CoreSite Realty Corp. and a managing director with IBM Global Business Services, North America; Ana Dutra, board director with CME Group and president and CEO of the Executives’ Club of Chicago; and Kunal Kapoor, CEO and Board Director with Morningstar Inc. The moderator is Eileen Kamerick, a board director and audit committee chair for Hochschild Mining plc and for Legg-Mason Closed End Mutual Funds; she is also Associated Bank’s Corporate Governance Committee Chair.
 
Subsequent roundtable discussions will focus on how women identify and obtain corporate board positions.
 
Corporate sponsors (see below) have helped the Chicago Campaign of 2020 Women on Boards raise more than $70,000 for the National Conversation on Board Diversity in 2017. Sponsorship dollars go toward education, advocacy and research.  More information is available at the national website, 2020WOB.com.
             
The Nov. 15 event is open to members of the public interested in joining the discussion.  Register by visiting: 2020 Women on Boards Chicago.
 
Media are welcome to attend the opening remarks and award presentation from 6:00 p.m. to 6:30 p.m.
 
Media Contact: Kathy Graham, 2020 Women on Boards Chicago Campaign Committee Chair, hqs1@juno.com, (630) 466-7095
 
About 2020 Women on Boards:
Founded in Boston in 2010, 2020 Women on Boards is the national campaign to increase the percentage of women on U.S. company boards to 20 percent or greater by the year 2020. 2020 Women On Boards is known for its research on the gender composition of boards of directors, including its proprietary 2020 Gender Diversity Directory, which ranks nearly 2000 companies on a “W” (winning) to “Z” (zero) scale. The list of Z companies with no women on their boards currently or for the past 5 years is available by contacting info@2020WOB.com. 2020 Women On Boards leverages its research with its annual National Conversation on Board Diversity, which will take place in November in cities across the US. For more information visit www.2020wob.com.
 
Chicago Event Sponsors:
Abbott, Allstate Corp., Accenture, Associated Banc-Corp., Brownson Rehmus & Foxworth Inc., Dennis Chookaszian, CME Group, Deloitte, First Bank of Highland Park, Arthur J. Gallagher & Company, McDonalds Corp., The Governance Partners LLC, The HQ Companies Inc., Legg Mason Global Asset Management, The Metropolitan, PR Ability, Richards Graphic Communication, RSM US, Skadden, Arps, Slate, Meagher & Flom, LLP, and William Blair & Company.