SAY WHAT? Men Are Stepping Down Leaving More Room For Women in Boardrooms.

Did you hear? Oodles of men are stepping down from their board of directors positions — leaving more room for women in boardrooms.

During annual meetings, men vacated four times as many seats as women (data feels skewed to me as men hold many more seats in the first place) leading to a notable increase in female representation. Advocates have long posited that when at least three seats on a board are held by women, their voices become an integral part of the general conversation.

The hopeful news is women now hold over one-third of S&P 500 board seats for the first time ever, marking a significant milestone toward lasting change. With female directorships reaching 33.2% in May, and research shows that organizations with female CEOs or three or more women on the board are more likely to have diverse workforces.

Gender parity in the boardroom may still be a few years away, and representation for men and women of color remains a challenge. The data continues to show that more diverse boards have a greater positive impact on the corporation's revenue, so I scratch my head at why this isn't a no brainer?

🔥 Provocative questions - love to hear your thoughts:
- How can we accelerate progress toward gender parity on boards?
- How does increased diversity in the boardroom benefit organizations?
- What steps can companies take to promote gender diversity and inclusion in leadership?

Are you ready to step up? Get a seat on a board? If you're uncertain of what paths to follow... reach out. As an executive coach I work 1:1 to help you power pivot into your most impactful life. Book time here: https://lnkd.in/eziTTnzR

You can read the full story with all the facts on Bloomberg here