For eight consecutive years, there has been no significant uptick in corporate board seats held by women in the Fortune 500, reports a new study by Catalyst, the nonprofit research organization.
"The rate of growth of women on
For its part, GM has several women installed on its board and recently tapped Mary Barra to be its next and first-ever female CEO. "If you're a senior executive, put it right at the CEO's table," said Akerson.
In 2013, 922 board seats were held by women, compared to 4,524 seats held by men. That means women held just 16.9% of these influential positions this year, which barely budged from the 16.6% they held in 2012.
The low representation of women on boards has been and continues to be a major problem in the U.S., says Catalyst. Today, less than one-fifth of big companies have at least 25% of women on their boards.
The lack of progress for women in these leadership positions may affect how well companies perform, since studies show that Fortune 500 companies with the highest percentage of women board members financially outperform firms with the lowest percentage. Despite this performance advantage, however, there are still 50 companies on the Fortune 500 with zero women on their boards, according to data provided by the U.S. Securities and Exchange Commission.
The list below, provided by Catalyst, reveals the biggest companies in the U.S. with no women on their boards:
INTL FCStone
Total Board Seats: 11
Industry: Finance and Insurance
CHS
Total Board Seats: 17
Industry: Agriculture, Forestry, and Fishing
HCA Holdings
Total Board Seats: 13
Industry: Health Care and Social Assistance
Supervalu
Total Board Seats: 9
Industry: Retail Trade
PBF Energy
Total Board Seats: 9
Industry: Manufacturing (Nondurable Goods)
HollyFrontier
Total Board Seats: 11
Industry: Manufacturing (Nondurable Goods)
National Oilwell Varco
Total Board Seats: 8
Industry: Manufacturing (Durable Goods)
Freeport-McMoRan Copper & Gold
Total Board Seats: 15
Industry: Mining, Quarrying, and Oil and Gas Extraction
Global Partners
Total Board Seats: 8
Industry: Wholesale Trade
Energy Transfer Equity
Total Board Seats: 6
Industry: Retail Trade
Icahn Enterprises
Total Board Seats: 7
Industry: Management of Companies and Enterprises
L-3 Communications
Total Board Seats: 10
Industry: Manufacturing (Durable Goods)
Aramark
Total Board Seats: 3
Industry: Accommodations and Food Services
Navistar International
Total Board Seats: 10
Industry: Manufacturing (Durable Goods)
Chesapeake Energy
Total Board Seats: 8
Industry: Mining, Quarrying, and Oil and Gas Extraction
EOG Resources
Total Board Seats: 7
Industry: Mining, Quarrying, and Oil and Gas Extraction
Las Vegas Sands
Total Board Seats: 10
Industry: Accommodations and Food Services
First Data
Total Board Seats: 4
Industry: Finance and Insurance
Leucadia National
Total Board Seats: 13
Industry: Management of Companies and Enterprises
Caesars Entertainment
Total Board Seats: 11
Industry: Accommodations and Food Services
Sonic Automotive
Total Board Seats: 9
Industry: Retail Trade
Cameron International
Total Board Seats: 11
Industry: Manufacturing (Durable Goods)
Republic Services
Total Board Seats: 10
Industry: Administrative & Support, Waste Management & Remediation Services
HD Supply
Total Board Seats: 10
Industry: Wholesale Trade
Spectrum Group International
Total Board Seats: 7
Industry: Administrative & Support, Waste Management & Remediation Services
Charter
Total Board Seats: 11
Industry: Information
Fidelity National Financial
Total Board Seats: 10
Industry: Finance and Insurance
Precision Castparts
Total Board Seats: 9
Industry: Manufacturing (Durable Goods)
Visteon
Total Board Seats: 7
Industry: Manufacturing (Durable Goods)
Core-Mark Holding
Total Board Seats: 9
Industry: Wholesale Trade
Jarden
Total Board Seats: 9
Industry: Wholesale Trade
NuStar Energy
Total Board Seats: 6
Industry: Manufacturing (Nondurable Goods)
Level 3 Communications
Total Board Seats: 15
Industry: Information
EMCOR Group
Total Board Seats: 10
Industry: Construction
CC Media Holdings
Total Board Seats: 13
Industry: Information
NetApp
Total Board Seats: 10
Industry: Manufacturing (Durable Goods)
Seaboard
Total Board Seats: 5
Industry: Finance and Insurance
CF Industries Holdings
Total Board Seats: 8
Industry: Manufacturing (Nondurable Goods)
General Cable
Total Board Seats: 6
Industry: Manufacturing (Durable Goods)
Shaw Group
Total Board Seats: 8
Industry: Construction
Expeditors
Total Board Seats: 9
Industry: Transportation and Warehousing
Fidelity National Information Services
Total Board Seats: 9
Industry: Information
Live Nation
Total Board Seats: 10
Industry: Arts, Entertainment, and Recreation
Joy Global
Total Board Seats: 8
Industry: Manufacturing (Durable Goods)
MRC Global
Total Board Seats: 12
Industry: Wholesale Trade
Susser Holdings
Total Board Seats: 6
Industry: Retail Trade
Avaya
Total Board Seats: 7
Industry: Manufacturing (Durable Goods)
MetroPCS Communications
Total Board Seats: 6
Industry: Information
YRC Worldwide
Total Board Seats: 9
Industry: Transportation and Warehousing
Nash-Finch
Total Board Seats: 6
Industry: Wholesale Trade