Ed. Note: Standard arid Poor's 100 companies are still failing to put substantial numbers of women and minorities into boardrooms and executive suites, according to a new analysis from Calvert Investments (www.calvert.com). Women hold under 1 in 5 director seats, and fewer than 1 in 10 top-paid jobs. The Calvert report was issued in March 2013. Several major findings and observations noted in the report follow.
In the last two years, S&P 100 companies have made some movement towards increasing board diversity. Since 2010, the overall percentage of women serving on S&P 100 boards has risen from 18% to 19%. In addition, 30 companies have added at least one woman director, and 25 companies have added at least one minority director.
Other key findings include:
* Even though women are often now hired as frequently as men at S&P 100 companies, their representation in management roles decreases with each step up the corporate ladder. Well over half (56%) of S&P 100 companies have no women or minorities in their highest-paid senior executive positions.
* While women make up 19% of S&P 100 board of director positions, they represent only 8% of the highest-paid executives.
* While 98 companies have women directors, and 86 companies have minority directors, only 37 companies in the S&P 100 have minority women on their board.
* In the S&P 100, 39 companies do not disclose any employee demographic data publicly, leaving consumers and investors unable to determine the effectiveness of corporate diversity initiatives. Over half (54) of S&P 100 companies disclose some level of EEO-1 data, such as the percentage of women employees or number of new minority hires.
* In 2012 Calvert found a large increase in the number of companies recruiting minority and women employees. The number of S&P 100 companies engaging...