Female directors are likely to be more independent, our data suggests.For example, female directors are twice as likely to have sustainability experience compared to their male counterparts. Female directors bring diverse skill sets to the table.Women’s overall participation in committees has improved by 3 percentage points, from 27% to 30% since 2021. Women’s participation in committees has improved significantly.52% of women hold more than one listed board position, compared to only 36% of men. Boards may be tapping the same small group of women for board seats.Despite this momentum, average female representation on boardrooms in continental Europe still lags the quota proposed by the European Commission. Overall, women occupy about 26% of board seats. The average female representation in the boardroom is increasing in many regions globally.The report concludes with a selection of director interview quotes from Better Boardroom Initiative’s extensive qualitative study on the benefits of boardroom diversity Key Findings For the historical years, the data considers the board standings as of December 31 of The year-to-date data was drawn up to January 31, 2022. The research draws comparisons and trends between 20. We reviewed 5,482 public companies in Australia, Japan, the European Union (EU), the United States (US), Canada, and the United Kingdom (UK). In our 2022 edition, we expanded the data to include Japan, which has influenced many of our averages, and included a spotlight on gender diversity for Japanese companies, courtesy of the Human Resources Governance Leaders (HRGL) of Japan to shed light on how this issue is evolving in different parts of the world. Now, after two years of living through a pandemic that has disproportionately affected working women, we want to see whether female leadership in the boardroom has maintained or managed to gain any momentum. Did they assume leadership positions as quickly as their male counterparts? Did they join and chair committees at similar rates? How do their average ages and tenures compare to those of male directors? In 2021, after an unprecedented pandemic and social unrest forever changed the way we think about the role of business, we wanted to see if any progress had been made. We wanted to know not only how the percentage of female directors was changing but also to learn more about these women’s journeys once they were on a board. In 2020, the Diligent Institute set out to answer these questions. The questions remained: Has this progress continued? What happened to female board directors once they were appointed? As companies faced increasing pressure from regulators, investors, and other stakeholders to appoint more female directors, slow progress has been made, to the point where some boardrooms in Europe are now nearing gender parity, on average. In the last decade, increasing gender diversity has been a prominent issue for boardrooms across the globe.
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