Women CEOs statistics

May 11, 2017
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More women than ever before are now chief executive officers at the Golden State’s largest 400 public companies, and fewer of these firms have no women in their C-suites and boardrooms, but an annual University of California, Davis, study shows women still hold just one in eight of the senior executive and director positions in corporate California.

Overall, women hold 12.3 percent of the highest-paid executive positions and board seats in the state’s 400 largest public companies — a scant 0.75 percentage point increase over last year, according to the UC Davis Study of California Women Business Leaders.

The UC Davis Graduate School of Management has found very incremental gains during the 11 years it has tracked the representation of women in these key decision-making roles. The percentage of women in these key corporate leadership positions has inched up from 9.6 percent in 2010 to 12.3 percent in 2015, which represents 623 women in the 5, 083 highest-paid executive and board positions at the 400 firms this year.

Some strides are being made in the corner office. The number of female CEOs rose from 14 to 17, a 21 percent increase over last year, and a 55 percent increase since 2006. But these 17 female CEOs still represent only 4.3 percent of the 400 CEO positions. Companies with women at the helm have, on average, 38 percent more female leaders than companies with a male CEO.

Together, the 400 companies represent nearly $5 trillion in stock market value; among them are global leaders in technology, health care, consumer products and pharmaceuticals.

“We know that a more representative, diverse group of leaders can change decision making and outcomes in companies, ” said Ann Huff Stevens, dean of the management school. “California has been a leader in many areas, and these results point out the opportunity for California to take the lead in increasing women’s presence in corporate leadership.”

Among the 400 public companies, the top 25 firms identified in the study — those with the highest percentage of female executives and board members — have a median return on assets and return on equity that are at least 74 percent higher than for the 400 public companies in the study.

Only two companies — upscale kitchen and cookware retailer Williams-Sonoma of San Francisco and real estate trust LTC Properties of Westlake Village — have equal numbers of women and men in top executive positions and board seats. Only one company has appeared in the study’s top 25 list for 10 consecutive years: AMN Healthcare Services Inc. of San Diego.

Source: universityofcalifornia.edu
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