October 2022 Report Summary

december 2021Companies continue to diversify board composition by appointing women to the board of public

In October, women comprised 30.4% of new appointments to the boards of public companies. Public companies appointed 77 women to boards and 176 men to their boards.

This means women comprised 45.8% of all new public board appointments! This high mark builds off an average 12-month trend where the average percentage of women appointed to the boards of public companies is 43%.

The pressure to increase diversity from the C-Suite to the board level remains.

26.2% of the december 2021 newly appointed directors self-identified as people of color

While only 16 of the newly appointed women Board members (20.7% of new women appointments) chose to self-disclose their race, we continue to see diversification and continue to highlight the need to disclose. In October, for the first time, Latin/Hispanic women took the lead in board appointments with 6 women being appointed to public boards, making up 7.79% of all appointments. They are closely followed by 5 Black/African American women (6.49%), 4 Asian / Pacific Islander women (5.19%), and 1 Middle Eastern / North African woman (1.29%). Portland General Electric Company, Shake Shack Inc., and CubeSmart, are some of the companies that appointed this phenomenal group of diverse women to their boards.

Of the 77 women appointed to the boards of public companies, 46, or 59.7%, were first time board appointments. In October, Healthcare companies led the way in the appointment of women followed by Financial Services and Tech companies; with appointed women filling 22.07% of board seats at healthcare companies and 18.18% appointed to Financial Services. In the Tech sector, we see strides being made by women at companies like Fidelity National Information Services, Inc.

Equilar and WBC are tracking and analyzing the growth and rotation of board seats on public companies and the expanding candidate pool. We will continue to track not only the women in terms of numbers,
diversity and profile; but the companies and industries in which female board members are present and how many of the overall board seats are held by women. Please join us in celebrating, tracking, analyzing, and promoting women serving on corporate boards.

5E Advanced Materials Inc.Patricia Mishic O'Brien Basic Materials
ACADIA Pharmaceuticals Inc.Dr. Adora Ndu Pharm. D., J.D.HealthcareBlack / African American
AECOMKristy M. Pipes Industrials
Akili, Inc.Mary HentgesHealthcare
Amarin Corporation plcGeraldine Murphy Healthcare
America First Multifamily Investors, L.P.Dr. Hafize Gaye Erkan Ph.D. Financial ServicesMiddle Eastern / North African
Artivion, Inc.Elizabeth A. Hoff Healthcare
Beacon Roofing Supply, Inc.Melanie H. Hart Industrials
BigBear.ai Holdings, Inc.Amanda Long Technology
Bill.com Holdings, Inc.Alison Wagonfeld Technology
BlackRock TCP Capital Corp.Karen L. Leets Financial Services
Bluerock Homes Trust, Inc.Elizabeth Harrison
BTCS Inc.Melanie Pump Financial Services
Bull Horn Holdings Corp.Tara Maria DeSilvaFinancial Services
Cambridge BancorpJane C. WalshFinancial Services
Castellum, Inc.Patricia Frost Technology
Cedar Fair, L.P.Michelle M. Frymire Consumer Cyclical
Cedar Fair, L.P.Jennifer MasonConsumer Cyclical
Century Therapeutics, Inc.Daphne E. Quimi Healthcare
Clearwater Paper CorporationJeanne M. HillmanBasic Materials
Code Chain New Continent LimitedShuang ZhangIndustrialsAsian / Pacific Islander
CoreCard CorporationKathryn Petralia Technology
Corporate Office Properties TrustEssye B. MillerReal EstateBlack / African American
CubeSmartDr. Jit Kee Chin Real EstateAsian / Pacific Islander
Curis, Inc.Dr. Anne Elizabeth Borgman M.D. Healthcare
Edible Garden AG IncorporatedDeborah K. PawlowskiConsumer Defensive
ePlus inc.Renee R. Bergeron Technology
Essex Property Trust, Inc.Angela L. Kleiman Real EstateAsian / Pacific Islander
F5, Inc.Marianne Budnik Technology
Fidelity National Information Services, Inc.Stephanie L. Ferris Technology
Gladstone Capital CorporationPaula Novara Financial Services
Gladstone Commercial CorporationPaula Novara Real Estate
Gladstone Investment CorporationPaula Novara Financial Services
Gladstone Land CorporationPaula NovaraReal Estate
Hannon Armstrong Sustainable Infrastructure Capital, Inc.Lizabeth A. ArdisanaReal EstateHispanic / Latino
Host Hotels & Resorts, Inc.Diana Laing Real Estate
Identiv, Inc.Laura Angelini Technology
Incyte CorporationDr. Susanne Schaffert Ph.D. Healthcare
InvenTrust Properties Corp.Smita N. Shah Real EstateAsian / Pacific Islander
Invivyd, Inc.Christine Lindenboom Healthcare
IRadimed CorporationHilda Scharen-Guivel Healthcare
Itron, Inc.Mary C. Hemmingsen Technology
Kala Pharmaceuticals, Inc.Marjan Farid M.D. Healthcare
Koss CorporationLenore E. Lillie Technology
Laboratory Corporation of America HoldingsKirsten Marie Kliphouse Healthcare
Mallinckrodt plcSusan Michele Silbermann Healthcare
Mana Capital Acquisition Corp.Meeshanthini Dogan Financial Services
Marine Products CorporationAmy Rollins KreislerConsumer Cyclical
MarineMax, Inc.Mercedes Romero Consumer CyclicalHispanic / Latino
McDonald's CorporationAmy E. Weaver Consumer Cyclical
McDonald's CorporationJennifer L. Taubert Consumer Cyclical
Meridian CorporationChristine M. HelmigFinancial Services
Mobileye Global Inc.Christine M Pambianchi Consumer Cyclical
Mobileye Global Inc.Claire C. McCaskillConsumer Cyclical
MVB Financial Corp.Jan L. OwenFinancial Services
NextEra Energy, Inc.Nicole S. Arnaboldi Utilities
OncoSec Medical IncorporatedStephany Foster Spahr Healthcare
Otis Worldwide CorporationNelda J. Connors IndustrialsBlack / African American
Porch Group, Inc.Amanda Reierson Technology
Porch Group, Inc.Camila Velasquez Technology
Portland General Electric CompanyPatricia S. PinedaUtilitiesHispanic / Latino
Prosperity Bancshares, Inc.Dr. Laura Murillo Financial ServicesHispanic / Latino
Prosperity Bancshares, Inc.Ileana Blanco Financial ServicesHispanic / Latino
Sabre CorporationRachel A. Gonzalez TechnologyHispanic / Latino
SandRidge Energy, Inc.Nancy Martori DunlapEnergy
Shake Shack Inc.Lori George Billingsley Consumer CyclicalBlack / African American
Shuttle Pharmaceuticals Holdings, Inc.Dr. Bette Jacobs PhD Healthcare
SOBR Safe, Inc.Noreen Butler Technology
Sun Country Airlines Holdings, Inc.Jennifer L. Vogel Industrials
The Charles Schwab CorporationCarolyn Schwab-PomerantzFinancial Services
The Cooper Companies, Inc.Cynthia Lynn Lucchese Healthcare
Trane Technologies plcMelissa N. Schaeffer Industrials
Treace Medical Concepts, Inc.Jane E. Kiernan Healthcare
U.S. BancorpLoretta E. Reynolds Financial Services
Urban Edge PropertiesKatherine M. SandstromReal Estate
Valero Energy CorporationMarie A. FfolkesEnergyBlack / African American
Vicarious Surgical Inc.Beverly A. Huss Healthcare

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