The Thirty Percent Coalition Continues to Grow

Summit planned for beginning of 2013

Ft. Washington, PA – December 19, 2012 – The Thirty Percent Coalition, a group of industry leaders working to secure a minimum of 30 percent women across US public company boards of directors, announced today that an additional 15 new members have joined the Coalition, bringing the total to 55 member organizations and individuals at the end

The first time I heard the phrase “critical mass,” it had nothing to do with boardroom gender equality. I was a student at the College of William and Mary, and Critical Mass was an event where cyclists would attempt to clog the streets of my tiny college town to kindly encourage automobile drivers to share the road. While I generally supported my two-wheeled classmates, I wasn’t altogether clear on their event’s apparent link to nuclear physics. I later learned they were inspired by much larger demonstrations in San Francisco, which, in turn, were inspired by a 1992 documentary on bicycle transportation around the world.Source

 

 Last June, the Coalition sent a similar letter to 41 companies within the S & P 500 Index that do not have women on their boards. Since that time, members of the coalition have been engaged in dialogue with several of those companies and have also filed shareholder resolutions with some of the companies, asking them to commit to gender diversity on their boards.

The new letter has been sent to the 127 companies within the Russell 1000 – essentially the largest 1,000 companies in the U.S. – that do not have any women on their boards (see attached list). In the letter, the signatories cite studies demonstrating a correlation between greater gender diversity among corporate boards and management, good corporate governance and long-term financial performance.

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