More women in the boardroom could drive higher credit ratings and stock returns for firms — they still hold just 29% of seats

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More women in the boardroom could drive higher credit ratings and stock returns for firms — they still hold just 29% of seats

Women held 29% of corporate board seats in 2022, up from 24% two years ago, according to Moody’s Investors Service.
A higher proportion of women on boards is correlated with higher credit ratings.
Anecdotally, the stocks of companies with low female board representation have underperformed.

Less than a third of corporate board seats are now held by women, despite evidence that has shown that gender diversity in boardrooms can lead to higher credit ratings and improved stock performance.

Women are gaining ground in the boardroom. In 2022, 29% of corporate board seats at North American and European companies were held by women, up from 24% two years ago, according to Moody’s Investors Service. Among North American companies, board seats occupied by women rose to 27% from 22%, the data showed.

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