"Last Year S&P 500 Board Female Seats Reach 'All-Time High'"

[Image source=AP Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] The number of female seats on the boards of S&P 500 companies reached an all-time high last year. It was found that female directors are increasingly expanding their influence in sectors such as energy, industry, and IT.

On the 25th (local time), Bloomberg reported that the number of female seats on the boards of S&P 500 companies last year increased by 7% compared to the end of 2020, reaching 113 seats. In terms of growth rate, the energy and manufacturing sectors exceeded 10%, surpassing the average.

According to Spencer Stuart, a global headhunting firm, the proportion of female seats on boards within the S&P 500, which consists of global companies, was 31% at the end of last year, marking a 9 percentage point increase from 22% in 2017 when the #MeToo movement was at its peak.

Bloomberg stated, "Consumer goods companies tend to increase the proportion of female CEOs and board members," adding, "The sector with the lowest proportion of women on boards was energy, at 27%."

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