“A stubborn paradox reigns across U.S. boardrooms: Companies are appointing more women to board seats than ever, yet the overall share of female directors is barely budging.
The reason isn’t the pipeline, say recruiters and researchers. It is that board seats rarely become available in the first place.
More than a decade typically goes by before a director leaves a board seat, according to a new study from the Conference Board, a business research group. Examining Russell 3000 companies, which represent the vast majority of U.S.-traded stocks, it found the average director stays in the job for 10.4 years and about a quarter of them step down only after 15 years.”
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