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This article is part of the bi-weekly Corporate Counsel Report Newsletter, republished here courtesy of the Lexis Securities Mosaic editorial team.
According to a recent PwC report that surveyed 884 corporate directors on several different issues, women represent only one in five board members at S&P 500 companies. When PwC asked the men on those boards about bringing on more women as members, the majority of those surveyed effectively responded that they did not see a need for that. Business Insider summarized the survey's findings, which determined that "one in ten directors believes the optimal representation of women on boards should be 20% or less." Also, while mainly women surveyed seemed to realize that a diverse corporate board would be an asset to the company, 64% of the men surveyed noted that there isn't more diversity because there aren’t enough diverse candidates. See here for the Washington Post's analysis of this PwC survey.
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Written by Miriam Robin, a Current Awareness Editor at LexisNexis and a freelance writer for the New York Law Journal. Prior to that, she was a Manager of Marketing & Communications at iHeartMedia, a Senior Communications Writer at Paul Hastings LLP, a Communications Analyst at Sullivan & Cromwell LLP, and a Copywriter at Macy’s. Miriam received her J.D. from St. John’s Law School and her B.A. from Queens College.