Pennsylvania; and
WHEREAS, Of these 100 companies, 41 have no women in
executive positions, 18 have no women on their boards of
directors, 41 have only 1 woman on their boards and 9 have no
women on their boards of directors or in their executive suites;
and
WHEREAS, In the Philadelphia region, where nonprofit
colleges, universities and health systems account for a
significant part of the regional economy, providing 37% of the
jobs in the City of Philadelphia alone, university and hospital
board seats held by women were 29% and 24%, respectively, in
2014, the last year for which public records are available; and
WHEREAS, The Catalyst Research Center for Equity in Business
Leadership issued an overview, Women on Corporate Boards
Globally, which emphasizes the benefits of gender-balanced
boards; and
WHEREAS, Catalyst's research series, the Bottom Line, found
that companies with more women on boards had better financial
results than those with fewer women and that companies with
sustained high representation of women board directors, defined
as having three or more women board directors in at least four
of five years, significantly outperformed those with sustained
low representation by 84% on return on sales, 60% on return on
invested capital and 46% on return on equity; and
WHEREAS, Women on Corporate Boards Globally cites findings
that companies with fewer women on boards had more governance-
related controversies than average; and
WHEREAS, The Forum of Executive Women, a membership
organization of more than 450 women executive leaders actively
working to leverage the collective power of women's leadership
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