June 2022 Report Summary

June 2022 Women Joining Public Boards Report – Slight decline to 32% and 29%; 58% first time appointments.
Companies continue to diversify board composition and drive the path to parity.

In June women comprised 32% of new appointments to the boards of public companies. Public companies appointed 110 women to boards and 233 men to their boards.

We are seeing a decline in women’s representation on public boards as the percentage of women on boards has fallen about 8% in the past two months

While only 32 of the newly appointed women Board members (29% of new women appointments) chose to self-disclose their race, we continue to see diversification. In June, Black/African American women took the lead in board appointments again with 18 women being appointed to public boards, making up 56.25% of those who chose to identify as women of color. They are closely followed by 7 Asian/Pacific Islander women (21.8%), 3 Latin / Hispanic women (9.37%), and 2 Middle Eastern / North African women (6.25%). Bill.com Holdings, Inc., General Mills, Inc., and Virco Corporation, are some of the
companies that appointed this phenomenal group of diverse women to their boards.

Of the 110 women appointed to the boards of public companies, 64 or 58.1% were first time board appointments, a substantially higher percentage compared to previous months. Thus, companies continue to build the pipeline of women on boards. In June, Healthcare companies led the way in the appointment
of women followed by Industrial Services and Financial Services; with appointed women filling 22.7% of board seats at healthcare companies and 14.5% appointed to Industrial Services. In the Tech sector, we see strides being made by women at companies like Eventbrite, Inc.

Equilar and WBC are tracking and analyzing the growth and rotation of board seats on public companies and the expanding candidate pool. We will continue to track not only the women in terms of numbers, diversity and profile; but the companies and industries in which female board members are present and
how many of the overall board seats are held by women. Please join us in celebrating, tracking, analyzing, and promoting women serving on corporate boards.