Women, who make up half the American workforce, may be 40 years or more from parity with men on U.S. corporate boards, the Government Accountability Office said in a new report.
About 23 percent of open seats in the Standard & Poor’s 1500 index went to women in 2014, according to the GAO. If that figure rose to about 50 percent — half of all openings — boards would be evenly split between women and men by roughly 2055, the report said. Women held about 16 percent of board seats in the S&P 1500 in 2014, up from 8 percent in 1997.
European countries have imposed quotas to get more women on boards. The U.S. has resisted regulation to speed up gender equality on boards.