Since private company boards are not required to report board diversity metrics, The Lodis Forum, a peer group for woman Board Chairs, recently completed a survey to gather data on board diversity in 249 privately held companies, representing 1695 directors.
- Women Chairs had the biggest impact on gender diversity and women in board leadership roles. Despite the CEO’s gender, boards with a woman Chair had more woman directors and more women in leadership roles than boards chaired by men
- Those boards with a woman Chair and CEO had the biggest impact on the number of woman directors and women in board leadership roles.Boards with a woman Chair and CEO had more woman directors and more women in leadership roles than any other senior leadership combination
- Boards with a woman Chair and male CEO, a kind of gender balance in and of itself, had the greatest incidence of gender balance, with three or more women on the board. 53% of boards chaired by a woman and male CEO had gender balance, meaning three or more women on the board, compared to only 32% of boards with a woman CEO and Chairman