Our latest report, in collaboration with our Exclusive Data Partner Equilar, highlights for the first time since we began tracking all public companies in the U.S., progress of women on Russell 3000 company boards stalls. Women continue to hold 30.2% of board seats as reported in Q3, showing only a 0.6 percentage point increase from the previous quarter.
Notably, only 26.3% of the 419 new board seats were filled by women, a significant drop compared to the 40% averages seen between 2020 and 2023. Furthermore, 40% of companies still have boards with two or fewer women, highlighting persistent gaps in gender diversity.
The representation of women of color also remains unchanged at 7.7% of all board seats, underscoring the need for more targeted efforts to achieve intersectional progress.
