November 12, 2007
Knocking On The Glass Ceiling
By Cory Hopkins
While the number of female executives in Massachusetts' 100 largest companies increased this year, the gains were not as high as they could have been, according to a new report by The Boston Club, New England's largest organization of senior and executive professional women.
The report, titled "Leading by Example: The 2007 Census of Women Directors and Executive Officers of Massachusetts Public Companies," found that from July 1 of last year through June 31 of this year, women held 11.5 percent of the 838 board seats in the state's 100 largest companies, up from 10.8 percent last year and 9 percent in 2003.
Turnover in the state's companies produced 64 new directors, 50 of whom are independent directors, while the number of executive officers increased by 45, the club said.
Of the largest companies, 63 have at least one woman director, compared to 57 last year and 50 in 2003. Still, 37 companies have no women on their boards.
The Boston Club also found that women account for 10.9 percent of the state's 755 executive officers, down 0.1 percent from last year.
The services sector has the highest percentage of women directors, at 15.2 percent, while health care services has the lowest percentage, at 9.1 percent. Financial services saw the largest gains in women executives, to 12.6 percent from 9.4 percent last year, according to the report.
The report, titled "Leading by Example: The 2007 Census of Women Directors and Executive Officers of Massachusetts Public Companies," found that from July 1 of last year through June 31 of this year, women held 11.5 percent of the 838 board seats in the state's 100 largest companies, up from 10.8 percent last year and 9 percent in 2003.
Turnover in the state's companies produced 64 new directors, 50 of whom are independent directors, while the number of executive officers increased by 45, the club said.
Of the largest companies, 63 have at least one woman director, compared to 57 last year and 50 in 2003. Still, 37 companies have no women on their boards.
The Boston Club also found that women account for 10.9 percent of the state's 755 executive officers, down 0.1 percent from last year.
The services sector has the highest percentage of women directors, at 15.2 percent, while health care services has the lowest percentage, at 9.1 percent. Financial services saw the largest gains in women executives, to 12.6 percent from 9.4 percent last year, according to the report.
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