Press Releases

 

For Immediate Release

Contact: Malli Gero

malli@2020wob.com

617-875-9327 (c)

 

2020 Women on Boards Launches New York Chapter

New York .... Women represent 17.5% of corporate board seats in 94 New York-based Fortune 1000 companies, according to 2020 Women on Boards, a national campaign to increase the percentage of women who serve on the boards of U.S companies to 20% or greater by 2020. New York's numbers compare favorably to the national average of 14.6 percent. The New York numbers were released at an event last week celebrating the 2020 Women on Boards New York Chapter launch which included members of the city's leading women's business organizations. CNN's Soledad O'Brien was the featured speaker.

Stephanie Sonnabend, 2020 Women on Boards co-founder and Chairman, and CEO of Sonesta International Hotel Corporation, presented the findings of the 2020 Gender Diversity Index, which quantifies gender diversity on the boards of the 2010 Fortune 1000 list. Companies in the 2020 Index fall into four categories: Winning "W" Companies (20% or greater); Very Close "V" Companies  (11 - 19%); Token "T" Companies (1 woman) or Zero "Z" Companies (0 women).

Of the 94 New York companies on the Fortune 1000 list 33 percent are Winning "W" Companies; 36% are Very Close "V" Companies; 17% are Token "T" Companies and 14% are Zero "Z" Companies.

According to Sonnabend, "If the New York companies on the list added between 89 and 106 women they would reach the 20% benchmark. If everyone attending this event provided the name of 1 qualified woman, we'd reach the goal. The goal is realistic. It's achievable. It's now time for companies to take the 2020 Pledge to add a woman within two years and reach 20% by 2020."

New York organizations supporting the 2020 campaign include: 85 Broads, Catalyst, High Water Women, National Council for Research on Women; Responsible Endowment Coalition, The Transition Network; Women Corporate Directors, Women's Forum of New York, Women's Presidents' Organization.

About 2020 Women on Boards: 2020 Women on Boards (www.2020wob.com)is a national campaign to increase the percentage of women on corporate boards to 20% or greater by 2020. The campaign redefines good corporate governance and gender diversity standards and creates a cultural imperative for corporate action. Founded in 2010, the 2020 campaign has chapters in Massachusetts, New Orleans, New York and will launch a Florida campaign in January 2013. For more information contact info@2020WOB.com.

2020 Gender Diversity Index Methodology: The 2020 Index is compiled using the 2010 Fortune 1000 list. Data was confirmed as of August 1, 2011.

 

 

For Immediate Release

Contact: Malli Gero

malli@2020wob.com

617-875-9327 (c)

 

2020 Women on Boards Releases 2020 Gender Diversity Index

Quantifies Gender Diversity of Fortune 1000 Company Boards

 

BOSTON .... It's now possible to research gender diversity on the boards of the nation's largest public companies and track this information from year to year, thanks to new research by 2020 Women on Boards. The research, called the 2020 Gender Diversity Index, quantifies gender diversity on the boards of the 2010 Fortune 1000 list. The database will be posted to 2020wob.com in January 2012.

Companies in the 2020 Index fall into four categories: Winning "W" Companies (20% or greater); Very Close "V" Companies (11 - 19%); Token "T" Companies (1 woman) or Zero "Z" Companies (0 women).

"The 2020 Gender Diversity Index allows us to measure a company's progress against the 20% goal. The goal is realistic. It's achievable. It's now time for companies to take the 2020 Pledge to add a woman within two years and reach 20% by 2020," said Stephanie Sonnabend, 2020 Women on Boards co-founder and Chair.

"Visitors to 2020WOB.com will be able to research board diversity stats by company, state or industry, and advocate for change by congratulating the companies that have achieved or surpassed the goal and encourage the companies that haven't to do better," said Malli Gero, 2020 Women on Boards Executive Director.

According to this year's 2020 Gender Diversity Index large companies have more women directors than small companies:

 

The 2020 Index: Findings

 

% Women on Boards

Avg. # Women on Boards

Avg. Total # of Board Members

F  1- 500

16.4%

1.8

11

F 501 - 1000

12.4%

1.2

10

F 1000

14.6%

1.5

10

 

 

W

V

T

Z

F 1 - 500

32%

28%

30%

10%

F 501 - 1000

25%

11%

36%

28%

F 1000

29%

20%

33%

19%

Methodology: The 2020 Index is compiled using the 2010 Fortune 1000 list. Data was confirmed as of August 1, 2011.

About 2020 Women on Boards: 2020 Women on Boards (www.2020wob.com)is a national campaign to increase the percentage of women on corporate boards to 20% or greater by 2020. The campaign redefines good corporate governance and gender diversity standards and creates a cultural imperative for corporate action. Founded in 2010, the 2020 campaign will launch a New York Chapter in October.

 

 

 

 

 

2020 Women on Boards Campaign Honors 304 Companies That Get It

Campaign puts “Z” Companies on notice

Boston, June 20… 2020 Women on Boards, (www.2020WOB.com) a national grassroots campaign to increase the number of women on U.S> company boards to 20% or greater by 2020, honored 304 public and private “W” companies this week for reaching or surpassing the 2020 benchmark. “W” companies are winning companies that recognize the importance of board diversity and have 20% or more women on their board of directors.

2020 Women on Boards maintains a gender diversity database, comprised of public companies on the Fortune 500 list and others. Private companies are included, but must self-report. The campaign designates companies as “W” (winning), “V” (very close but not at 20%), “T” (token, with one woman director) or “Z” (zero women directors.)

2020 Women on Boards campaign will publish the directory of  “Z” companies on its website in January 2012. The campaign will begin notifying “Z” companies of their designation in July.

Stephanie Sonnabend, co-founder of 2020 Women on Boards and CEO of Sonesta International Hotel Corporation said, “We will congratulate the companies that commit to diverse boards, identify the companies that don’t and encourage the companies with fewer than 20% women directors to add women until they reach the 20% minimum standard for diversity. Our outreach activities will provide a tipping point for change.”

The 2020 Women on Boards campaign was launched in December 2010 in Boston, Massachusetts. 2020 celebrated its 6-month anniversary on June 1 by breaking its goal of 1000 web supporters. The campaign plans to launch 2020 chapters in Massachusetts, New York, Atlanta, Florida, and Louisiana this year.

About 2020 Women on Boards: 2020 Women on Boards is a grassroots campaign to raise the percentage of women who serve on corporate boards in the U.S. to 20 percent or greater by the year 2020. Campaign supporters include individuals, organizations and companies who embrace the principle that diversity in the boardroom encourages good corporate decision-making. Log onto the website: www.2020WOB.comto register your support for the issue or for more information.

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2020 Women on Boards Forms Grassroots Campaign to Increase Women on Corporate Boards
Starts in Boston, goes national in 2011

November 26, BOSTON     A new initiative, 2020 Women on Boards (www.2020WOB.com) will raise the percentage of women on corporate boards in the U.S. to 20% or greater by the year 2020.  This grassroots campaign to engage consumers and thought leaders about why diversity in the boardroom is important seeks to bring national awareness to the issue. It launches in Boston on December 2.

According to Catalyst, the latest national figure for women directors on Fortune 1000 boards is about 11%, a number that’s been static for years. There are many organizations across the country working on the issue; however, no one yet has gone to the public with a grassroots approach.

2020 Women on Boards (2020 WOB) is the brainchild of Stephanie Sonnabend, CEO and President of Sonesta International Hotels Corporation. Ms. Sonnabend, a champion for women’s leadership issues who sits on two corporate boards (Sonesta’s and Century Bank’s in Massachusetts) believes that what’s missing in the board diversity effort is a consumer-driven, grassroots approach. Malli Gero, a public relations consultant who works in the women’s leadership arena joined the campaign as Executive Director.

 “The 2020 WOB Campaign defines diversity as having at least 20% women in the boardroom.  This creates diversity of thinking which is critical for good decision making, and better represents a company’s shareholders, employees and customers” says Sonnabend.  “We’re building a network of individuals, businesses and organizations to voice their support and build momentum for the campaign. We look to be real change agents.”

A cornerstone of the campaign is a growing list of “W” companies — “winning” companies that have already achieved the 20% milestone. There are already over 200 companies in the “W” database, which will be identified on the website, www.2020WOB.com. By 2012, 2020 WOB will publish the names of “Z” companies, which have no women directors, andT” companies, which have only a single woman director.  “V” companies, which are very close (usually one woman away) to becoming “W” companies, will be encouraged to join this group of winners.

According to Gero, “We will rely on groups like Catalyst and The Boston Club and others to identify companies to add to our lists. But we’ll also ask our supporters to research the companies they do business with, as consumers, employees and shareholders. It’s how we’ll begin to educate the public and build a groundswell of support.”

About 2020 Women on Boards: 2020 Women on Boards is a grassroots campaign that will help raise the percentage of women who serve on corporate boards in the U.S. to 20% or greater by the year 2020. Individuals, organizations and companies that embrace the principle that diversity in the boardroom encourages good corporate decisions support the campaign. Log onto the website: www.2020WOB.com to register your support for the issue or for more information.


If you are interested in writing about 2020 Women on Boards, please email us at info@2020wob.com.