Women have long been underrepresented in the boardrooms of public companies. But a report released in March shows that Colorado companies are taking a step toward equality.
According to the Women on Colorado Boards: State of the State analysis, a biannual report conducted by the Denver-based nonprofit Boardbound by Women’s Leadership Foundation, 100% of Fortune 1000 companies headquartered in Colorado reported having at least one woman on their board last year — the first time those numbers were achieved since the foundation began releasing the report in 2011.
Boardbound works to open board positions to women, a mission that’s been shown to benefit companies. Gender-diverse boards are a draw for some women seeking work in their industry, and data shows having women on the board is associated with an increase in innovation, effective risk management practices and a trustworthy company image in the eyes of the public.
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