Female participation on corporate boards across the world improved last year, but more needs to be done to help women advance, according to a J.P. Morgan report on achieving gender balance.
Female participation on corporate boards across the world improved last year, although more needs to be done to help women advance, according to a J.P. Morgan report on achieving gender balance.
The proportion of female directors on boards in the U.S. increased to 22 percent in 2018, from 20.4 percent in 2017, the report said. "Governments across the world, and now one U.S. state, California, have begun to implement legislation mandating gender diversity on corporate boards," the report said.
J.P. Morgan's report found that 21 percent of companies under global index provider MSCI's All Country World Index — which tracks both developed and emerging markets — still had all-male boards.Countries where women advanced most in board participation included Norway, France, Sweden, Australia and New Zealand, the report found.
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