September 2024 Report Summary
Companies continue to diversify board composition by appointing women to public company boards.
Women comprised 28% of new appointments to public boards of directors, with 67 women and 172 men appointed in September 2024. The pressure to increase diversity at the board level remains critical to ensuring the advancement of women in boardrooms and professional environments.
While only 24% 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 September, women who self- identified as Asian or Pacific Islander were represented highest in board appointments, with 10 Asian or Pacific Islander women appointed to boards, making up about 15% of all appointed women.
Additionally, women affiliated with WBC Partner organizations also touted appointments in September, including Vijayabharathi V. Kaza of 50/50 Women On Boards and Athena, Lynda Grindstaff of Athena and How Women Lead, Lisa Campbell of Athena, Barbara Loughran of Ellevate Network, and Hilarie Bass and Nelda J. Connors of the Women’s Forum of New York
Of the newly women appointed to the boards of public companies, 31, or 46%, were first-time board appointments. In September, Financial Services companies led the way in the appointment of women board directors with 23.9% of total appointments. Healthcare companies followed closely behind with women filling 19.4% of newly appointed board memberships.
Finally, WBC acknowledges companies leading the way this month include Amentum Holdings, Inc., which had the most reported board appointments for women.
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.