Global Board Seats Held by Women ±1 Equality Mark Norway Sweden Finland United States South Africa Israel United Kingdom Netherlands Denmark France Germany Poland Turkey Canada Ireland Spain Hong Kong Greece Switzerland Thailand China Australia Belgium Austria New Zealand Malaysia Singapore Mexico Taiwan Russia India Brazil Indonesia Italy Kuwait Oman Portugal Chile South Korea Bahrain Japan United Arab Emirates Qatar Saudi Arabia 16.1% 15.8% 15.0% 15.0% 14.0% 13.9% 12.7% 11.2% 10.8% 10.8% 10.3% 9.5% 9.3% 9.0% 8.8% 8.7% 8.7% 8.5% 8.4% 7.7% 7.5% 7.5% 7.8% 6.9% 6.8% 6.1% 5.9% 5.3% 5.1% 4.5% 3.7% 2.7% 2.3% 2.3% 1.9% 1.9% 1.0% 0.9% 0.8% 0.3% 0.1% 27.3% 24.5% 40.1% Region Americas Asia-Pacific Europe Middle East & Africa 5 Copyright Catalyst 2012 1
Global Women Board Chairs ±2 Turkey Poland Brazil Ireland South Africa Israel Indonesia Mexico Belgium China New Zealand Italy Russia Canada South Korea Singapore US Australia Sweden Hong Kong Malaysia India France Switzerland Germany Taiwan UK Austria Chile Colombia Czech Republic Denmark Finland Greece Hungary Japan Morocco Netherlands Peru Philippines Portugal Spain Thailand 6.7% 5.4% 5.3% 5.3% 5.0% 4.3% 4.3% 4.2% 4.1% 4.0% 3.8% 3.8% 3.6% 3.3% 3.0% 2.6% 2.5% 2.5% 2.1% 2.0% 2.0% 2.0% 1.9% 1.2% 1.2% 1.0% 11.1% Region Americas Asia-Pacific Europe Middle East & Africa Copyright Catalyst 2012 2
Women s Historical Share of Board Leadership in Northern America U.S. In 2011, 8.3% of Fortune 500 lead directors were women, compared to 8.8% in 2010. 3 Women as Fortune 500 Board Committee Chairs 4 Audit Committee Chair 14.7% 12.1% 11.7% 11.0% 9.9% 8.2% 10.2% Compensation Committee Chair 12.5% 11.5% 11.8% 12.6% 10.9% 1 9.0% Nominating & Governance Committee Chair 19.2% 16.9% 16.8% 15.6% 15.1% 14.7% 14.2% 2011 2010 2009 2008 2007 2006 2005 Copyright Catalyst 2012 3
Asia/Pacific Women as Board Leadership Chairs in 2011 5 Australia 12.2% Chair of Remuneration Committee China Hong Kong India Malaysia New Zealand 1.5% 1.2% 5.3% 4.2% 13.1% Singapore 5.6% Chair of Audit Committee Chair of Nominating Committee Australia China Hong Kong India Malaysia New Zealand Singapore Australia China Hong Kong India Malaysia New Zealand Singapore 1.2% 1.1% 1.0% 4.0% 4.8% 5.3% 4.5% 4.1% 4.9% 5.6% 8.8% 11.8% 16.7% Copyright Catalyst 2012 4
Canada Women as Financial Post 500 Public Company Board Committee Chairs 6 Audit Committee Chair HR/Compensation Committee Chair Nominating/Corporate Governance Committee Chair 7.0% 5.9% 4.7% 3.4% 7.1% 6.9% 6.0% 5.9% 5.4% 3.4% 7.8% 9.4% 1 9.2% 7.1% 2011 2009 2007 2005 2003 Copyright Catalyst 2012 5
Racially/Ethnically Diverse Directors in the U.S. People of Color s Share of Fortune 500 Boards Seats 7 74.5% 5.7% 0.3% 1.8% 1.9% 0.7% 2.3% 12.7% Asian Pacific Islander African American Hispanic White Women Directors Men Directors Women of Color on Boards in the U.S. Among Fortune 500 companies in 2011: o Women of color directors held 3.0% of overall board seats, compared to 13.1% of board seats held by white women. 8 o Of all Women Directors: Black women were 11.3% 9 Latinas were 4.9% 10 Asian women were 2.5%. 11 o Examining the data by company, 70.7% of Fortune 500 companies had no women of color directors serving on their board. 12 Note: ± Reports data where available. Most data is based on a study conducted by Governance Metrics International, which did not include every company in each country, and only countries with at least 10 companies are included here. Different sources show slightly different numbers. Whenever possible, the most detailed source is used. Please see the chart source citations below for full details. Copyright Catalyst 2012 6
SOURCES 1 With the exception of Catalyst and Catalyst-partnered data, we use the most recent data available. Unless otherwise specified below, data is derived from: Kimberly Gladman and Michelle Lamb, GMI Ratings 2012Women on Boards Survey (GovernanceMetrics International, 2012). http://library.constantcontact.com/download/get/file/1102561686275-86/gmiratings_wob_032012.pdf; Norway: Statistics Norway, Board Representatives, by Gender, Age Groups, Level of Education, Size Groups and Economic Activity (January 2011). http://www.ssb.no/styre_en/tab-2011-06-07-01-en.html; United States: Rachel Soares, Baye Cobb, Ellen Lebow, Hannah Winsten, Veronica Wojnas, and Allyson Regis, 2011 Catalyst Census: Fortune 500 Women Board Directors (Catalyst, 2011); South Africa: Business Women s Association of South Africa, BWA South African Women in Leadership Census 2011 (2011). http://www.bwasa.co.za/portals/4/docs/ho/census_presentation_final.pdf; Israel: Yahel Ash Kurlander and Gal Shargil, Women Leading Business: The 2010 Israeli Census Report on Women s Representation in Tel Aviv 100 Index Companies (Israel Women s Network, 2011). http://catalyst.org/publication/478/women-leading-business-the-2010-israeli-census-report-on-womensrepresentation-in-tel-aviv-100-index-companies; Canada: Statistic reported is the percent of board seats held by women in public companies only. This statistic is more comparable to the other data sources utilized in this chart than the percent of board seats held by women across the entire Financial Post 500 list. See the 2012 Catalyst Census: Financial Post 500 Women Board Directors Appendix 1 - Methodology for more information. Liz Mulligan-Ferry, Morgan Friedrich, and Sabra Nathanson, 2011 Catalyst Census: Financial Post 500 Women Board Directors (Catalyst, 2012). United Kingdom: Ruth Sealy and Susan Vinnicombe, The Female FTSE Board Report 2012: Milestone or Millstone? (International Centre for Women Leaders Cranfield School of Management, 2012). http://www.som.cranfield.ac.uk/som/dinamic-content/research/documents/2012femalftse.pdf; Hong Kong: Kate Vernon and Aparna Banerji, Standard Chartered Bank Women on Boards: Hang Seng Index 2012 (Community Business, 2012). http://www.communitybusiness.org/images/cb/publications/2012/wob_eng_2012.pdf; Singapore: Marleen Dieleman and Sherwin Lim, Singapore Board Diversity Report: Gender Diversity in SGX-Listed Companies (Board Agender, Centre for Governance, Institutions and Organizations, and National University of Singapore Business School, 2011). http://www.boardagender.org/wp- content/uploads/2011/01/singapore_board_diversity_report_web_version-boardagender-and-nus- CGIO.pdf Australia: Equal Opportunity for Women in the Workplace Agency, EOWA 2010: Australian Census of Women in Leadership (2010). http://www.catalyst.org/publication/450/eowa-2010-australian-census-of-women-in-leadership; China: Korn/Ferry Institute, Mind the Gap: Half of Asia s Boards have No Women, A Risky Position for Governance and Growth (2011). India: Korn/Ferry Institute, Mind the Gap: Half of Asia s Boards have No Women, A Risky Position for Governance and Growth (2011). Copyright Catalyst 2012 7
Malaysia: Korn/Ferry Institute, Mind the Gap: Half of Asia s Boards have No Women, A Risky Position for Governance and Growth (2011). New Zealand: Korn/Ferry Institute, Mind the Gap: Half of Asia s Boards have No Women, A Risky Position for Governance and Growth (2011). Kuwait, Oman, Bahrain, United Arab Emirates, Qatar, and Saudi Arabia: The National Investor Market Insight, Power Matters: A Survey of Gulf Cooperation Council Boards (2008). http://www.hawkamah.org/news_and_publications/publications/cg_reports/files/powermatters.pdf 2 Unless otherwise specified below, data is derived from: Kimberly Gladman and Michelle Lamb, GMI Ratings 2012Women on Boards Survey (GovernanceMetrics International, 2012). http://library.constantcontact.com/download/get/file/1102561686275-86/gmiratings_wob_032012.pdf; South Africa: Business Women s Association of South Africa, BWA South African Women in Leadership Census 2011 (2011). http://www.bwasa.co.za/portals/4/docs/ho/census_presentation_final.pdf; United States: Rachel Soares, Baye Cobb, Ellen Lebow, Hannah Winsten, Veronica Wojnas, and Allyson Regis, 2011 Catalyst Census: Fortune 500 Women Board Directors (Catalyst, 2011); Israel: Yahel Ash Kurlander and Gal Shargil, Women Leading Business: The 2010 Israeli Census Report on Women s Representation in Tel Aviv 100 Index Companies (Israel Women s Network, 2011). http://catalyst.org/publication/478/women-leading-business-the-2010-israeli-census-report-on-womensrepresentation-in-tel-aviv-100-index-companies; Canada: Liz Mulligan-Ferry, Morgan Friedrich, and Sabra Nathanson, 2011 Catalyst Census: Financial Post 500 Women Board Directors (Catalyst, 2012). Singapore: Marleen Dieleman and Sherwin Lim, Singapore Board Diversity Report: Gender Diversity in SGX-Listed Companies (Board Agender, Centre for Governance, Institutions and Organizations, and National University of Singapore Business School, 2011). http://www.boardagender.org/wp- content/uploads/2011/01/singapore_board_diversity_report_web_version-boardagender-and-nus- CGIO.pdf United Kingdom: Ruth Sealy and Susan Vinnicombe, The Female FTSE Board Report 2012: Milestone or Millstone? (International Centre for Women Leaders Cranfield School of Management, 2012). http://www.som.cranfield.ac.uk/som/dinamic-content/research/documents/2012femalftse.pdf; Hong Kong: Kate Vernon and Aparna Banerji, Standard Chartered Bank Women on Boards: Hang Seng Index 2012 (Community Business, 2012). http://www.communitybusiness.org/images/cb/publications/2012/wob_eng_2012.pdf; Australia: Equal Opportunity for Women in the Workplace Agency, EOWA 2010: Australian Census of Women in Leadership (2010). http://www.catalyst.org/publication/450/eowa-2010-australian-census-of-women-in-leadership China: Korn/Ferry Institute, Mind the Gap: Half of Asia s Boards have No Women, A Risky Position for Governance and Growth (2011). India: Korn/Ferry Institute, Mind the Gap: Half of Asia s Boards have No Women, A Risky Position for Governance and Growth (2011). Copyright Catalyst 2012 8
Malaysia: Korn/Ferry Institute, Mind the Gap: Half of Asia s Boards have No Women, A Risky Position for Governance and Growth (2011). New Zealand: Korn/Ferry Institute, Mind the Gap: Half of Asia s Boards have No Women, A Risky Position for Governance and Growth (2011). 3 Rachel Soares, Baye Cobb, Ellen Lebow, Hannah Winsten, Veronica Wojnas, and Allyson Regis, 2011 http://www.catalyst.org/file/413/2010_us_census_women_board_directors_final.pdf 4 Rachel Soares, Baye Cobb, Ellen Lebow, Hannah Winsten, Veronica Wojnas, and Allyson Regis, 2011 Catalyst Census: Fortune 500 Women Board Directors (Catalyst, 2011); Rachel Soares, Jan Combopiano, Allyson Regis, Yelena Shur, and Rosita Wong, 2010 Catalyst Census: Fortune 500 Women Board Directors (Catalyst, 2010). http://www.catalyst.org/file/413/2010_us_census_women_board_directors_final.pdf; Rachel Soares, Nancy M. Carter, and Jan Combopiano, 2009 Catalyst Census: Fortune 500 Women Board Directors (Catalyst, 2009). http://www.catalyst.org/file/320/2009_fortune_500_census_women_board_directors.pdf; Catalyst, 2008 Catalyst Census of Women Board Directors of the Fortune 500 (2008). http://www.catalyst.org/file/242/08_census_wbd_jan.pdf; Catalyst, 2006 Catalyst Census of Women Board Directors of the Fortune 500 (2007). http://www.catalyst.org/file/6/wbd.pdf; Catalyst, 2005 Catalyst Census of Women Board Directors of the Fortune 500 (2006). http://www.catalyst.org/file/9/2005%20wbd.pdf 5 Korn/Ferry Institute, Mind the Gap: Half of Asia s Boards have No Women, A Risky Position for Governance and Growth (2011). 6 Liz Mulligan-Ferry, Morgan Friedrich, and Sabra Nathanson, 2011 Catalyst Census: Financial Post 500 Women Board Directors (Catalyst, 2012). Laura Jenner, Liz Mulligan-Ferry, and Rachel Soares, 2009 Catalyst Census: Financial Post 500 Women Board Directors (Catalyst, 2010). http://www.catalyst.org/file/369/2009_fp500_core_report_final_021910.pdf Laura Jenner, Monica Dyer, and Lilly Whitham, 2007 Catalyst Census of Women Board Directors of the FP500: Voices From the Boardroom (Catalyst, 2008). http://www.catalyst.org/file/141/census%202007- %20canada.pdf Catalyst, 2005 Catalyst Census of Women Board Directors of the FP500 (2006). http://www.catalyst.org/file/11/2005%20canada%20wbd.pdf 7 Alliance for Board Diversity, Missing Pieces: Women and Minorities on Fortune 500 Boards 2010 Alliance for Board Diversity Census (2011). http://www.catalyst.org/file/469/abd2010reportonly final.pdf 8 Rachel Soares, Baye Cobb, Ellen Lebow, Hannah Winsten, Veronica Wojnas, and Allyson Regis, 2011 9 Rachel Soares, Baye Cobb, Ellen Lebow, Hannah Winsten, Veronica Wojnas, and Allyson Regis, 2011 10 Rachel Soares, Baye Cobb, Ellen Lebow, Hannah Winsten, Veronica Wojnas, and Allyson Regis, 2011 11 Rachel Soares, Baye Cobb, Ellen Lebow, Hannah Winsten, Veronica Wojnas, and Allyson Regis, 2011 Copyright Catalyst 2012 9
12 Rachel Soares, Baye Cobb, Ellen Lebow, Hannah Winsten, Veronica Wojnas, and Allyson Regis, 2011 UPDATED on August 16, 2012 Copyright Catalyst 2012 10