- Female director appointments in 2014 register largest increase since Heidrick & Struggles began studying board gender data in 2009.
- Progress is still slow—women are projected to achieve parity with men on U.S. boards in 2042.
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Research conducted by Heidrick & Struggles (Nasdaq:HSII), a premier provider of senior-level Executive Search,
"Corporations are bringing women onto their boards of directors in increasing numbers. That will result in greater diversity of thinking and, ultimately, better governance and wider-ranging strategic insights," said Bonnie Gwin, vice chairman and managing partner of Heidrick & Struggles' Board Practice in North America.
Driving the increased appointment of women on boards is a greater appreciation for the benefits of diverse insights, Gwin said. "The trend today is clear. Board selection committees are becoming acutely aware that women are underrepresented in the boardroom and that the fresh perspectives they bring can be good for the bottom line."
With the latest data included, the trend of corporate board composition indicates women will hold 50% of Fortune 500 director seats for the first time—28 years from now in 2042.
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CONTACT: Media Contact: Jon F. Harmon 312.496.1593 jharmon@heidrick.com