The 2020 Challenge is a way for campaign supporters to take action. On the 20th of every month, 2020 supporters receive an email from us asking them to complete a task to support the campaign: congratulate "W" companies that have 20% or more women on their boards; encourage "T" and "Z" companies to add women to their boards; or help us increase the number of 2020 supporters.
February 2020 Challenge
Sustainable Growth Starts with Diverse Boards
NuStar Energy (NYSE: NS) has won many awards for its “track record of growth,” but this recognition ignores the company’s record on boardroom diversity. The interntational oil company has not had a single woman on the board for the last five years. Sustainable growth begins with good corporate governance and diverse boards. Take the 2020 Challenge and tell NuStar Energy to add women now.
December 2020 Challenge
Stamp Out All-Male Boards
Sending cards and packages through the mail this holiday season? Think twice before buying postage at Stamps.com (Nasdaq: STMP). This on-line provider for postage services has had no women on its board or executive team since its launch in 1996! A licensed vendor of the US Postal Services, Stamps.com should take a page from the government’s stamp book. Megan Brennan became the first woman Postmaster General in 2015. Stamps.com, make a New Year’s resolution and put women on your board.
November 2020 Challenge
No Thanks, Pilgrim's Pride
In time for Thanksgiving, consider this: Pilgrim’s Pride Corporation (NASDAQ: PPC), a large poultry processor working with over 4,000 family farms to produce 7 billion pounds of poultry annually, has no women on its board. They are happy to sell poultry to women but do not value them enough to find qualified women for their board of directors. Pilgrim’s Pride, adhere to your core values: Act with respect. Take responsibility. Do not makes excuses. Adopt a sense of urgency. Add women to your board now.
September 2020 Challenge
IDI Inc. Should Search for Women
You might not know much about IDI Inc. (NYSE: IDI), but the data-collection company knows a lot about you, from the number of speeding tickets you’ve received to your favorite take-out restaurant. Can you believe this company can find personal information on any adult in America, but hasn't found a single woman for its board of directors? If IDI's leadership should know one thing, it's that diverse boards make smarter decisions. Take the 2020 Challenge: tell IDI Inc. to use its search abilities to add women to the board.
August 2020 Challenge
Fleetcor Technologies Needs Women
FleetCor Technologies (NYSE:FLT) has fueled its success as a global provider of fuel cards and other payment products with a string of strategic mergers and acquisitions. But the company has failed to acquire a single woman for its board of directors. FleetCor's leadership should know that companies with gender diverse boards pay up to 15% less for acquisitions than companies with all-male boards, according to the Sauder School of Business. Take this month’s 2020 Challenge and tell FleetCor Technologies to add women to the board.
June 2020 Challenge
Restaurant Brands Rejects Women
When Tim Hortons merged with Burger King to form Restaurant Brands International the three women on Tim Hortons' board were not asked to join the new board. Just this month, the all-male board and shareholders rejected a proposal to adapt a policy change that would add women to the board. With so many restaurant choices, why pick one that does not respect women enough to put them on their board? Tell RBI that "W" stands for Women, not just Whoppers.
May 2020 Challenge
Garmin Needs to Change Direction
The navigation technology company claims it’s “built to last,” but with zero women on the board of directors Garmin is steering its investors over rocky terrain. The data is clear: the road to smart corporate governance begins with diversity and inclusion. In fact, more than 55% of the Gender Diversity Index companies that went inactive in 2015 due to bankruptcy or a buyout had just 1 or no women on the board. Take the 2020 Challenge and tell Garmin to recalculate its governance strategy by adding women to its board.
March 2020 Challenge
Intrexon Needs a Dose of Encouragement
Intrexon needs a healthy dose of encouragement. The biotech company has been in the news recently for its innovative approach to curing the Zika virus with genetically modified mosquitoes. Ironically, Intrexon is trying to cure a virus that is most harmful to pregnant women and their infants, yet the company has an all-male board of directors. Study after study shows that women add invaluable diversity of thought to corporate boards – diversity that is essential in tackling the world’s greatest problems. Take the 2020 Challenge and tell Intrexon to remedy its lack of gender diversity by adding women to its board.
Coty's Board Needs a Makeover
Coty boasts many impressive statistics: it is the world’s second biggest fragrance company, has markets in over 130 countries, and its top brands include Adidas, Calvin Klein, Marc Jacobs, OPI, Playboy, and Sally Hansen. But the beauty company’s most shocking number of all is zero. Coty has no women on its board of directors or in its C-suite, even though more than 80% of American women shop for beauty products. Take the 2020 Challenge and tell Coty to give its leadership a makeover by adding women to its board.
Planet Fitness Needs Better Jugement
Planet Fitness is famous for its Judgment Free Zone® in the weight room, but we think they could improve their judgment when it comes to the boardroom. The company claims to provide a friendly environment where “everyone feels accepted,” but its board of directors is exclusively male. Take the 2020 Challenge and show Planet Fitness that women have what it takes to pull equal weight in the boardroom.
Kodak’s Idea of Diversity is Out-Of-Focus
Eastman Kodak boasts about having delivered consumers the first digital camera back in 1975, but its idea of gender diversity is as outdated as the black-and-white film that made it famous. Forget flash photography—Kodak needs a newsflash that its all-male board of directors does not reflect 21st century shareholder values. Before you snap the perfect family photo for this year’s holiday card, take the 2020 Challenge and encourage Kodak to put a woman on its board.
TiVo Needs A Replay In Diversifying Its Board
Developed as a digital video recorder (DVR) in 1999, today TiVo Inc. (NASDAQ: TIVO) integrates next-generation technology to change the way people watch TV in the U.S. and abroad. Its been a forward thinking company except when it comes to board diversity. With seven all white, male directors, it's a blast from the past. TiVo, get with the times and add women to your board.
UPDATE: on January 12, 2016 TiVo added Wendy Webb to the board, making TiVo a Token 'T' Company with a single woman on the board.
Z Is For Zero, Oh Zillow Too
In just nine years, Zillow Group Inc. (NASDAQ: Z) has changed the way people buy and sell real estate. More than half of its users are women, but that hasn't prevented the company from being charged with multiple discrimination suits (sexual harassment, racism, and ageism). Their "frat house" atmosphere fosters the worst type of behavior. This does not make good business sense. Zillow would benefit from the inclusion of women on their board.
Fitbit Not Fit For Women
Fitbit, Inc. (NYSE:FIT), the colorful bracelet seen on the wrists of the fit and wanna-be fit, is not fit for women. The company that is dedicated to health and fitness of the masses went public this week with no women on its five-member board - another technology company taking the lead from its male investors. We say it's time that the VC community pay attention to stakeholders who want to see the boards of companies where they work, shop and invest reflect the general population.
UPDATE: On June 1, 2016 Fitbit added Laura Alber and Glenda Flanagan to the board, to become a Winning 'W' Company with 20% or more female directors.
W Viacom Celebrates Women in the Here and Now
Viacom (NASDAQ:VIA) a world leader in branded entertainment across television, motion pictures and digital media platforms, values women. CEO Philippe Dauman highlighted the company's culture of strong women leaders (half of his direct reports and four out of 12 directors are women) at a company event in March, sponsored by HERE, Viacom's employee resource group focused on women's advancement. The company sends a clear message to stakeholders: women are valued here.
Z Discovery Communications Should Discover Women
They say they're celebrating 30 years of discovery, but Discovery Communications (NASDAQ:DISCK) has yet to discover the talent women bring to the boardroom. The world's number one pay TV programmer, with brands like TLC, The Family Channel and Oprah Winfrey Network, has 10 men on its board - no women. In 2012 the company amended its governance guidelines to include a commitment to diversity. We say it's time they put their amendment into action.
Industry leader E*Trade Financial Corp (NASDAQ:ETFC) has three women on its board of 12. It was one of the first firms to offer electronic investment services. It's a company poised for long-term success, one that benefits from the skills and diversity of thought that women bring to the boardroom.
Interactive Brokers Group Inc (NASDAQ:IBKR) must have missed the news that women control a large percentage of American wealth: 43% of Americans with assets over $1.5 million are women. Its all male board (with many insiders) probably doesn't know that companies with women directors outperform those without.
Carnival Corporation (NYSE:CCL), one of the largest vacation companies in the world, has two women on its board of nine. Carnival sees diversity as a "powerful advantage where people from different backgrounds are more likely to create breakthrough innovation than a homogenous group."
Norwegian Cruise Line (NASDAQ:NCLH) may have a diversified fleet but its board is one hundred percent male. Norwegian says it has a 48-year history of breaking boundaries; we'd like to see it break some boundaries by appointing women to its board.
On the day of this year's National Conversation on Board Diversity, Yum! Brands (NYSE:YUM) became a W Company, appointing Elane Stock to its board of directors. With brands like KFC, Pizza Hut and Taco Bell, the company was already known for good taste, but now it can boast great governance too.
Not so, Famous Dave's of America (NASDAQ:DAVE). It took Dave 25 years to perfect his barbecue. When it comes to his board of directors, he needs a new recipe. Bubba, put two women on your board to get to more than 20%.
Callaway Golf (NYSE: ELY) manufactures and sells golf clubs and golf balls, golf apparel, footwear and accessories in more than 110 countries worldwide. They may be all about the thrill of the game, but when it comes to their board, Callaway is stuck in the bunker with zero women on their board.
Big 5 Sporting Goods (NASDAQ: BGFV) is one of America's top retailers of name brand sporting goods and accessories, with 420 stores in 12 western states. Big 5 understands sporting goods with offerings that include everything from fitness to cycling, team sports to trampolines. Big 5 also knows how to field a winning team with 2 of their 7 board members women.
UPDATE: Callaway Golf added Linda Segre in 2015 to become a Token "T" Company with a single woman on the board.
Carbonite, Inc. (NASDAQ: CARB) provides cloud back-up services to individuals, families and small businesses. Carbonite says its solutions are designed to give access any time, anywhere to everything from family photos to financials. Yet when it comes to their board, Carbonite does not give women any access.
Symantec Corporation (NASDAQ: SYMC) also provides cloud storage and access solutions, but Symantec understands the importance of a well-grounded board that connects to all of its markets. Symantec backs up its commitment to diversity with three of its nine directors women. We recognize Symantec for its leadership on the ground and in the cloud.
Ameriprise Financial, Inc. (NYSE: AMP) distinguishes itself as a 2020 Winning "W" Company with three of its ten directors women. This leading financial planning company knows that helping men and women build a financial future is best achieved with a board that represents all their clients.
Fair Isaac Corporation (NYSE: FICO) provides credit scores to help banks, credit card agencies, retailers and others make important credit decisions. Recently Fair Isaac recalibrated their scoring system, a change expected to loosen credit standards and allow for more borrowing. But when it comes to their board, Fair Isaac scores a big zero with not a single woman on their eight-man board.
UPDATE: Fair Isaac Co added Joanna Rees in 2015 to become a Token "T" Company with a single woman on the board.
Monster Beverage Corporation may make energy drinks, but they've put no energy towards adding women to their board. At its annual shareholder's meeting this month, Monster issued the following statement: "THE BOARD OF DIRECTORS RECOMMENDS THAT STOCKHOLDERS VOTE 'AGAINST' THE ADOPTION OF THE BOARD DIVERSITY PROPOSAL." Monster says the proposal was not in the interest of its shareholders. Are there no women who own shares in Monster Beverage? Comply with California Resolution 62, Monster, and add at least two women directors to your board. Do it now!
If you're looking to quench your thirst and your values this summer, look to products by PepsiCo, Inc. (36% women) Dr Pepper Snapple Group, Inc. (33% women) and Coca-Cola Company (24% women). Each of these soft drink giants is a 2020 Winning 'W' Company. They know the power women yield at the check out counter and the value they bring to the boardroom.
UPDATE: Monster Beverage Co added Kathy Waller in June 2015 to become a Token "T" Company with a single woman on the board.
Publix Super Markets, Inc. one of the 10 largest-volume supermarket chains in the country, says it values diversity because of the fresh ideas and unique perspectives a diverse group of people provides. With 33% of their directors women, Publix knows the super value women bring to the boardroom.
Grocery industry leader SUPERVALU INC. serves customers across the United States through a network of 3,400 stores. The 140-year old conglomerate says that to be successful a company must be willing to change with the times. As women make up the majority of their customer-base, SUPERVALU should get with the times and put women on their board.
UPDATE: Supervalu Inc added Francesca Ruiz De Luzuriaga in 2015 to become a Token "T" Company with a single woman on the board, and later added Mary Winston in April 2016 to become a Very Close "V" Company with 11-19% female directors.
OpenTable, Inc. (NASDAQ:OPEN) helps people find tables in restaurants around the globe, but when it comes to its boardroom, there are no seats at the table for women. The world's leading provider of on-line restaurant reservations has no women on its board. CEO Matthew Roberts seems to have reservations about women directors, despite the fact that women make reservations and lots of them.
Yelp, Inc. (NYSE:YELP), on the other hand, is a 2020 Winning 'W' Company with two of its nine directors women. The popular app that connects millions of people to great local businesses including restaurants worldwide knows what women bring to the table, no reservations necessary.
Cablevision Systems Corporation (NYSE: CVC) offers television, phone and Internet services to millions of households and businesses in the New York metropolitan area. Cablevision says its board should encompass a broad range of skills, expertise, industry knowledge, diversity of opinion and contacts relevant to its business. Twenty-five percent of its directors are women, proving it to be a company with a great (Cable)vision!
Charter Communications, Inc. (NASDAQ:CHTR) is the fourth-largest cable operator in the US. They have an 11-member board of directors, all male. Charter says that its board provides the necessary leadership, wisdom and experience to make good business decisions. What's lacking is the diversity of thought that comes when women have a seat at the boardroom table. Charter Communications, it's time to put a woman on your board.
Hilton Worldwide launched an IPO this month. The 94-year-old company is one of the largest hospitality companies in the world. It was the first hotel company to establish a department of women services, in 1963. Hilton understands that women make the spending decisions for family vacations, girlfriend getaways and other personal travel. No wonder it's a 2020 "Winning" Company, with two out of nine directors women.
AMC Entertainment also launched its IPO this month. It's a 2020 "Zero" company with no women on its board. The national movie theater chain has 300 theaters nationwide and welcomes 200 million moviegoers each year. The company claims it's AMC Amazing. We say it's amazing they went public with an all male board when half of all moviegoers are women.
UPDATE: AMC Entertainment added Kathleen Pawlus in December 2014 to become a Token "T" Company with a single woman on the board.
Casino giants Caesars Entertainment Corporation and Las Vegas Sands Corporation are playing a bit of Russian roulette when it comes to good governance, with no women on their boards. On the other hand, Boyd Gaming Corporation, a respected name in casino entertainment, doesn't miss a trick with 25% of its board seats held by women. Says Boyd Gaming, we "embrace diversity in every aspect of our business." The other two? No deal!
UPDATE: Las Vegas Sands Corporation added Micheline Chauu in October 2014 to become a Token "T" Company with a single woman on the board.
Foot Locker, Inc., a leading global retailer of athletic shoes and apparel, is a 2020 Women on Boards "W" company with 33% of its board seats held by women. The company embraces diversity and acts responsibly on behalf of its customers, associates, investors and communities. Skechers USA, Inc., a billion dollar global leader in the lifestyle footwear industry, has no women on its board. It owns 16.5% of the women's footwear market! Hey Skechers - put your best foot forward! Put a woman (or two) on your board!
Cracker Barrel Old Country Store got its start in Lebanon, Tennessee, a small town with family values. The company's mission is "Pleasing People". With three women out of ten directors (30%) they sure are pleasing us. The Cheesecake Factory, with no women directors out of 7 (0%), says its mission is to create an environment where absolute guest satisfaction is their highest priority. We think customers would be dissatisfied to learn about their board composition! C'mon, Cheesecake Factory. Put a woman on your board!
Taking to the skies this summer? Consider the carrier you're flying with! JetBlue, a 2020 Winning "W" Company, has three out of 11 women directors. JetBlue says it "uses its values to guide its actions and distinguish it from its competitors." Republic Airways, with no women directors, says, "Accountability is key! When we make mistakes, we'll own up to and correct them." C'mon Republic. Own this: Put a woman on your board now.
Becton Dickinson & Company (BD) is a medical technology company that manufactures and distributes medical supplies, devices, and laboratory and diagnostic equipment. With 3 of its 15 directors women, BD says that diversity is at the top of its criteria when considering prospective board candidates.
ResMed, a global leader in the development, manufacturing and marketing of innovative medical products for the treatment and management of respiratory disorders, and has no women on its board. If they did, they'd breathe a whole lot easier.
UPDATE: ResMed added Carol Burt in May 2013 to become a Token "T" Company with a single woman on the board.
This month we focus on two chemical manufacturing giants, The Scotts Miracle-Gro Company (W) and Olin Corporation (Z). Scotts Miracle-Gro embraces corporate policies that foster diversity of ethnicity, culture, sexual orientation and age. Olin's management says that they must "take and accept responsibility and be a role model for others." With an all white, male board and no women in their executive suite, we think Olin should take some responsibility now and add a few women to their ranks.
Let's put our energy towards two Texas-based energy companies, Marathon Oil Corporation (W) and National Oilwell Varco, Inc. (Z). Marathon Oil "lives its values" with a diverse board of directors that includes two women. With an all-male board it's same old, same old for National Oilwell Varco. Their value statement instructs "We create the future through our choices and actions." It's time for more action and better choices, we say!
UPDATE: National Oilwell Varco added Marcela Donadio in April 2014 to become a Toekn "T" Company with a single woman on the board.
Burger King: Z Company
Burger King, you made a whopper of a mistake. You may be the second largest fast food chain, but you have no women on your board! It's time to try it our way: Put a woman on your board now and get to 20% or greater by 2020!
McDonald's: W Company
McDonald's, as the world's leading food service retailer, with 33,000 restaurants serving 68 million people in 119 countries every day, you understand the power of diversity. With 23% of your board women, you are a 2020 Winner! We're lovin' it!
This month we're featuring two leading distributors and marketers of premium food products, Del Monte and Campbell Soup Company. Del Monte, says they promote and preserve a workplace environment rich in diversity and that diversity is consistent with their shared values. With an all male 7-member executive team and 10-person board, Del Monte's behavior is inconsistent with their values.
At Campbell Soup Company, CEO Denise Morrison says that Campbell's core values are character, competence and teamwork. It's clear the Campbell team celebrates diversity with 5 of its 16 directors women. That sounds "mmm mmm good" to us!
It's back to school season and students everywhere are heading to the mall. So this month our challenge features two giant fashion retailers, Aeropostale and Urban Outfitters. Aeropostale, a trendsetter for its cool style and commitment to diversity is a "W" company with 3 out of its 11 directors women. Urban Outfitters says it's innovative but with no women on its board, how innovative can it be? UPDATE: Urban Outfitters added Margaret Hayne in May 2013 to become a Token "T" Company with a single woman on the board, then later added Elizabeth Ann Lambert in December 2014 to become a Winning "W" Company with 20% or more female directors.
This month our challenge focuses on two financial giants, Goldman Sachs and BlackRock: two leading global investment companies. Goldman Sachs, a 2020 'W' company with 3 of its 12 directors women, says diversity is essential to its mission. BlackRock, a 2020 'Z' company with 17 all male directors says that their diversity guiding principles reflect their respect for differences. What differences? We'd like to know! UPDATE: Blackrock added Jessica Einhorn and Susan Wagner in 2012 to become a Very Close" V" Company with 11-19% on the board, then later added Cheryl Mills in October 2013 and Pamela Daley in January 2014 to become a Winning "W" Company with 20% or more female directors.
Warner Music Group is home to a collection of the best-known record labels in the music industry including Asylum, Atlantic, Cordless, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros. and Word, as well as Warner/Chappell Music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide. UPDATE: Warner Music Group added Noreena Hertz in May 2014 to become a Toke "T" Company with a single woman on the board.
Women make 80% of all travel decisions. Expedia, Inc. has 10 board members and none of them are women! Email Expedia and ask them to take the 2020 Pledge! UPDATE: Expedia added Pamela Coe in November 2012 to become a Token "T" Company with a single woman on the board, and later added Susan Athey in December 2015 to become a Very Close "V" Company with 11-19% female directors.
Tell Mark Zuckerberg to take the 2020 Pledge: Put a woman on the Facebook board NOW and get to 20% by 2020. UPDATE: Facebook added Sheryl Sandberg in June 2012 to become a Token 'T' Company with a single woman on the board, and later added Susan Desmond-Hellmann in March 2013 to beome a Winning 'W' Company with 20% or more female directors.
Congratulations to the 2020 Women on Boards Winning 'W' Companies listed below. Send them a note to let them know you approve!
Congratulate PolyOne Corporation for being a 2020 'W' Company with 22% women!
Congratulate Coach, Inc. for being a 2020 'W' Company with 29% women!
Congratulate The New York Times Company for being a 2020 'W' Company with 42% women!