Women on Boards Progress Report 2022 (MSCI) 10 March 2023
MSCI has tracked board gender diversity every year since 2009. The Women on Boards report highlights trends across markets and sectors for publicly listed companies. The annual review provides companies, researchers, and policymakers with an objective overview of the changing share of female representation at the board level as well as among CEO and CFO roles.
Key findings
- Overall, the percentage of director seats held by women continued to increase in 2022, reaching 24.5% among constituents of the MSCI ACWI Index, up from 22.6% in the previous year. The percentage of index constituents with at least 30% female directors increased in 2022 to 38% compared with 33% a year ago.
- After a noticeable slowdown in 2020, the rate of growth of women on boards rebounded in 2021 and continued to recover in 2022 in both developed markets (DM) and emerging markets (EM), with the exception of the U.S. While the overall percentage of director seats held by women among U.S.-domiciled constituents of the MSCI World Index continued to increase and passed 30% in 2022, the rate of increase has slowed for the last three years.
- In 2022, health care surpassed other sectors both in terms of the total percentage of director positions held by women (27.3%) and the percentage of companies with at least 30% director seats held by women (45.4%).
- The percentage of female CEOs increased to 5.8% (up from 5.3%) in 2022 among companies in the MSCI ACWI Index, while the percentage of CFO positions held by women increased to 16.9% (up from 15.8%) among the same peer set. The percentage of women CFOs was the highest among EM companies (19.9%).
This report was originally published in https://www.msci.com/research-and-insights/women-on-boards-progress-report-2022
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