State legislature calls on firms to add women board members

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By Lindsey Stokes
Staff Writer

The Mass. state legislature is calling on corporations to add more women to their governing boards.

Last Thursday the Senate unanimously backed a non-binding resolution that encourages Massachusetts firms to improve gender diversity on boards of directors and in top management.

According to the resolution, at the state’s 100 largest public companies 15 percent of corporate director seats and 12 percent of executive officer posts are held by women.

Sen. Karen Spilka, a Democrat from Ashland who co-sponsored the resolution said gender diversity is not simply a women’s issue but a business issue, citing that companies with greater diversity hold a greater competitive advantage.

The resolution recommends firms with nine or more directors have at least three women on their boards.