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Article

13 Aug 2015

Author:
Jena McGregor, Washington Post (USA)

USA: 12% of S&P 500 companies still do not have any women on their board of directors, study shows

"These are the 12 major companies that still don't have women on their boards", 12 Aug 2015

The number of S&P 500 companies with all-male boards of directors has now dropped to an even dozen…[Corporate leaders] seem to have accepted the idea…that more diverse boards make good business sense…[T]he following 12 companies, which mostly hail from male-dominated industries like energy, technology and automotive [in the S&P 500 still do not have any female directors]…[Wynn Resorts] said the board is "dedicated to having a board that represents a diversity of backgrounds and perspectives" and is committed to growing its board by one additional female or minority candidate by year's end…Equinix made a similar case, noting the company currently has an open board seat and that diversity will be a key consideration in filling it…Research has shown that it is not until women reach critical mass, or the point when there are at least three female directors, that they're able to create real change…While almost every board in the S&P 500 now has at least one woman, far fewer have a critical mass…[Also refers to Cabot Oil & Gas, Cimarex Energy, Delphi Automotive, Diamond Offshore Drilling, Discovery Communications, Garmin, Joy Global, Linear Technology, Precision Castparts, Qorvo]