fortune 1000

2020 Exceeds Its Goal

We did it!
Three years ahead of schedule, we exceeded our campaign goal: women now hold 20.8% of the board seats of our GDI Fortune 1000 companies, a cohort of 801 companies remaining from our baseline 2010 Fortune 1000 list.
Today, more than half of our Index companies are Winning 'W's and the numbers of Zero 'Z' and Token 'T' companies are falling to an all-time low. We’re celebrating this breakthrough at our 6th National Conversation on Board Diversity on November 15 and 16 at 20 events in 19 cities across the country, with over 3000 people attending. But the work’s not done.
Fifty-five GDI companies have no women on their boards. Thirty-four of those companies have never had a woman director in the seven years that we’ve been tracking this data. Because smaller companies are slower to advance women to the boardroom, this year we have expanded our database to include companies on the Russell 3000 Index. True to form, women hold just 16.2% of the board seats for these companies. Thanks to Equilar, our new research partner, for providing us with the Russell 3000 data.

2020 Gender Diversity Index

On September 27th we released the results of the 2020 Women on Boards Gender Diversity Index. We took the 2010 Fortune 1000 list and quantified companies into four categories: “W” winners are at 20% or greater women on boards; “V” companies are Very Close 11 – 19% women; “T” companies have their Token (1) woman; and “Z” companies have Zero women.

Analysis of the findings produced some interesting results. While 29% of the companies are “W” companies, the largest group is the “T” companies, with 33% having only one women. Do these companies believe they have handled diversity by appointing one woman? When you add the “T” companies and “Z” companies together over half of all companies on the list have one or zero women on their boards!

The results of our research indicate that the percentage of women on boards for the Fortune 1000 is 14.6%. This is the number we will be tracking and measuring our progress against each year.

Another significant result is that the findings reveal that the smaller the company, the fewer women in the boardroom. The Fortune 100 are at 19.4%, this number drops to 16.4% for the Fortune 500 and to 12.4% for the Fortune 501 – 1000. This debunks the theory that there are not enough qualified women, because if that were the case, why have the larger companies found them and the smaller companies cannot.

As we present the findings in various cities throughout the country, we will be breaking  the data down by state or region. When we presented the Massachusetts numbers, we demonstrated that Massachusetts is above average at 16.4%, but only 9 of the 24 companies are “W” companies at 20% or greater.

On October 4th the numbers and percentages for New York are revealed.

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