There is now a woman board member at every S&P 500 company

Share on facebook
Share on google
Share on twitter
Share on linkedin
Time to Read: 1 minute

There are no more S&P 500 companies with all-male boards. Copart, a Dallas-based online car auction site, says it is adding its first female member, Diane Morefield, to the company's board. Navient is the S&P 500 company with the highest percentage of female board members with 58.2% being women, according to Equilar.

Women now have a seat at the table of every S&P 500 company.

The last company in the S&P 500 with an all-male board is adding its first female member.

Copart, a Dallas-based online car auction site, announced on Tuesday it is adding Diane Morefield to the company’s board. Morefield is executive vice president and chief financial officer of CyrusOne, a publicly traded REIT. Earlier in her career, Morefield was a real estate banker at Barclays.

Woman have slowly been gaining a record number of board seats as gender diversity, pay equality and fallouts from the #MeToo movement have motivated companies to recruit more female board members. The companies have faced pressure from large passive holds of stocks, including Blackrock and State Street.

As of 2012, nearly 1 in 8 S&P 500 boards were all male, according to Equilar, a data-based company that analyzes company’s boards. Now, 27% of all S&P 500 board seats are taken by women, according to ISS Analytics.

In addition to Morefield, Copart said Stephen Fisher, former chief technology officer of eBay, will be joining the company’s board.

Navient is the S&P 500 company with the highest percentage of female board members — 58.2%, according to Equilar.

General Motors, Macy’s, Wells Fargo, HP, Procter & Gamble and Best Buy are also highlighted in the top 25 S&P 500 companies with the highest percentage of woman board members.

Related Article  Startups with female founders raise more venture capital
Leave a Reply


Xtechalpha Xclusive

RSS Latest Technology News

  • Google Postpones Android 11 Launch Event, Beta Release May 30, 2020
    Google is delaying the launch event and beta release for its Android 11 operating system, which had originally been planned for next week. “Now is not the time to celebrate,” the Alphabet Inc.-owned company said in a notice published on its Android ...
  • Samsung Galaxy M11, Galaxy M01 Set to Launch in India on June 2, Flipkart Reveals May 30, 2020
    Samsung Galaxy M11 and Galaxy M01 are set to launch in India on June 2, Flipkart revealed through a couple of teasers. The e-commerce site also confirms that both new Samsung phones will be available for purchase shortly after the official launch.
    Jagmeet Singh
  • Top alternative Nintendo Switch controllers you can snag from May 30, 2020
    So you've been at it with your shiny new Nintendo Switch for the past few months or weeks. Sure, it has been pretty great with the unique ability to switch between docked and undocked modes within seconds. However, sometimes, it's a little too much of a ...
    Marion Frayna

Follow Us

There is now a woman board member at every S&P 500 company

by News Desk Time to Read: 1 min
AI Tool to Reshape Treatment by Predicting Cell Behaviors
Get to know the latest updates on exponential technologies, new age industry segments with our weekly XTechalpha Xclusive newsletter straight in your mailbox.