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.