After Pressure, All-Male Boards Have Now Vanished From S&P 500
The last all-male board in the S&P 500 has added a female director
The same thing happened in 2019 when another all-male board appointed a woman. Monolithic Power Systems, which hadn't had a female director since 2016, was added to the S&P 500 in February. Their drought only lasted three more months.
“They are under huge pressure, and it is driven not only by institutional investors, but also by employees and customers,” said Alicia Hasell, managing partner at executive recruiter Boyden. “There is too much diverse talent that is board-ready, so companies no longer have an excuse to maintain that position.”