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Fortune
Fortune
Emma Hinchliffe, Joseph Abrams

Women's board of director appointments hit 7-year low

(Credit: Getty Images)

Good morning, Broadsheet readers! The U.S. Olympic women's basketball roster won't include Caitlin Clark, Denmark's prime minister was attacked, and women's share of new board seats hits a seven-year low. Have a mindful Monday.

- Board of it. The share of board appointments going to women has declined steadily since 2021 and hit a seven-year low in the first quarter of this year, according to a new report from the 50/50 Women on Boards Project. In the first three months of 2024, 30.7% of board appointments across the Russell 3000 index belonged to women—the lowest share since 2017.

In 2021, women made up 45% of new directors; in 2022, the stat was 39% and in 2023 it was 38%. This early 2024 measure of 30.7% (of a total of 587 seats) represents an even steeper drop-off.

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