Governance insights and ideas from top women directors
By Scott Chase
The year just past has seen some movement toward increased board diversity, perhaps more than some would expect and a lot less than advocates for a better gender mix would applaud. Wachtell Lipton Rosen & Katz partner David A. Katz and consulting attorney Laura A. McIntosh, in a paper dated January 25, notes that “momentum toward gender parity is building, particularly in the top tier of public corporations.” The authors “recommend that boards include this issue as part of an annual discussion on director succession, similar to the annual discussion regarding CEO succession.”
Likewise, in June, the latest Equilar Gender Diversity Index — a quarterly update of female directors in the Russell 3000 — found that approximately 24.3% of new director appointees in the first quarter of this year were women.