August 2024 Report Summary

While only 10.01% of the newly appointed women board members chose to self-disclose their race or ethnicity, boards must continue to prioritize both gender and racial diversity. The data continues to highlight the value of disclosure, as data gaps inhibit advocates and allies from understanding the complete picture of women’s representation on boards, especially for women of color (WOC), and where progress can be made.

In August, women who self-identified as Asian or Pacific Islander were represented highest in board appointments, with 7 women appointed to boards, making up about 10% of all appointed women.

Of the newly women appointed to the boards of public companies, 37, or 53.62%, were first-time board appointments. In August, technology companies led the way in the appointment of women board directors with 18.8% of total appointments. Financial Services companies followed closely behind with women filling 17.4% of newly appointed board memberships.

Finally, WBC acknowledges companies leading the way this month include Aligos Therapeutics, Inc., Autozi Internet Technology (Global) Ltd., Bolt Projects Holdings, Inc., and D.R. Horton, Inc., which had the most reported women’s board appointments.

Equilar and WBC are tracking and analyzing the growth and rotation of board seats on public companies and the expanding candidate pool. Through our partnership, we will continue to track and analyze not only the count, diversity and profile of the women appointed to boards; but also the companies and industries where women are leading.