The Thirty Percent Coalition, an affiliate of Vision 2020, this week sent a letter urging 127 companies within the Russell 1000 that do not have any women on their boards to “embrace gender diversity by including female representatives on their boards.“
Currently, women hold only 12-16% of corporate seats.
Signatories included institutional investors with more than $1.2 trillion in assets under management, governance experts, board members along with representatives of women’s organizations including Vision 2020 National Allies the National Council for Research on Women and the AAUW.
By extending gender diversity within their boards, the signatories note that research has proven this will promote long-term financial performance and good corporate governance.
The coalition hopes to work with the companies of the Russell 1000 and help them to welcome women onto their boards. To see the list of organizations with zero women on their boards go to http://www.30percentcoalition.org/images/Initiatives/R1000_No%20Women_2013-01-15x.pdf
This is not the first time the Thirty Percent Coalition has issued a letter to large corporations. In June 2012, the organization sent letters to 41 companies within the S & P 500 Index. Although the coalition believes in attaining 30% gender equality on boards, they are not asking for a quota to be set from these companies, but for the doors to be opened and women to be seated.
The Thirty Percent Coalition has an ongoing goal of women holding 30% of board seats across public companies by the end of 2015. Vision 2020 Co-Chair Rosemarie Greco and Visionary Delegate Susan Butler serve on the Thirty Percent Coalition board.
Vision 2020 supports the Thirty Percent Coalition and its endeavor as both organizations hold a shared goal of women achieving a place in senior leadership positions.