Business and Politics Need More Women
In the Senate, there are twenty-one women and seventy-nine men.
In the House, eighty-four women and 351 men occupy the chamber.
On the Supreme Court, there are three women and six men.
In governors’ mansions, there are five women and forty-five men. Over the years, only twenty states have at one time or another had a woman as governor.
In the Fortune 500 companies, thirty two of the CEOs are women (6.4 percent). While this is the highest proportion of female CEOs in the 63-year history of the Fortune 500, the number remains abysmally low. In the Fortune 1000, it is a mere 5.4 percent. Women hold 18.8% of the board seats of companies in the 2016 Fortune 1000 list. The 2016 list contains 967 active companies. In 2015, women held 17.9% of the board seats of 960 active Fortune 1000 companies. A very poor increase.
Yet, according to Catalyst, an industry researcher, Fortune 500 companies with the highest representation of women on their boards had significantly higher financial performance. Catalyst reports: “The return on investment to shareholders of the companies with the highest percentage of women is, on average, more than fifty percent better than those with the lowest number of women.”
I can cite similar statistics from around the world and in other walks of life. Indeed, in religion and the military, representation of women in leadership has been abysmal for generations.
That needs to change—and it starts with appointments to the boardrooms and votes for women in office.