Female representation on boards is slowly growing

    In early March, ExxonMobil Baton Rouge Refinery Manager Gloria Moncada was elected chairwoman of the Louisiana Mid-Continent Oil and Gas Association.

    In announcing her new role, the organization marked the occasion as an important milestone, noting that she is the first female chairwoman in the organization’s 97-year history.

    It’s a reminder that the number of women serving on corporate boards across the world is rising, albeit slowly, and the same seems to hold true for several of Baton Rouge’s most prominent boards.

    Fifteen years ago, women held just 15.7% of board seats at Fortune 500 companies. Today that percentage has risen to females comprising 25.5% of top corporate board seats worldwide, according to Fortune.

    In Louisiana’s Capital Region, business leaders have made conscious efforts to diversify leadership by adding more women to their boards, some of which are at or near the national average.

    Women represent a quarter of the Baton Rouge Area Chamber’s Board of Directors, for example, holding 16 out of 63 seats. BRAC, in fact, is among area business boards with the highest female representation. Embracing the business case for diversity, says BRAC President and CEO Adam Knapp, is part of the chamber’s five-year plan.

    Read the full story about women representation on area boards from Business Report’s The Network free, monthly e-newsletter. And to subscribe to The Network, click here.

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