Gender parity in the nation’s boardrooms was projected to happen in 2055, but a recent report pushed up the timeline by seven years.
While it’s not going to take longer than estimated last year, it will still be a long time coming, according to the latest Equilar Gender Diversity Index released.
In the fourth quarter of 2017, just 16.5% of board seats at Russell 3000 companies were taken by women, an uptick from the 16.2% reported in the previous quarter, reported Equilar, a board solutions firm.
“This is not an issue that should need regulation, this is an issue that needs common sense,” maintains Karen Kessler, a crisis management expert who is the Chair of the Executive Business Cabinet of Rutgers Business School’s Institute for Ethical Leadership and has served on boards. “And if board leadership doesn’t move faster, the investment community may decide their fate.”
When it comes to gender parity on boards, the United States, she continues, is not in a leadership role. “Scandinavian countries, Germany, Australia, Italy and others outpace the U.S. statistics.”
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