More Women Get Committee Chair Seats

Posted by: Jena McGregor on December 11, 2007

Catalyst, the nonprofit research firm, reports both good news and bad news in the battle for greater leadership positions for women in business. A research brief released yesterday found that women corporate officers are losing ground in line jobs, those critical positions that offer a stepping stone to the top. But in better news, women held a greater percentage of powerful board committee chair positions. Women held 14.8 percent of all Fortune 500 board seats, but 15.1 percent of the nominating/governance committee chairs.

That fits with a story I did recently on a study that found, surprisingly, that median pay for women directors is actually higher than men’s. The explanation by The Corporate Library’s Paul Hodgson, who performed the study, wasn’t that higher demand for women on boards has driven up pay, but just what the Catalyst study found: More women are getting paid more because they’re holding more committee chair seats. Small progress, but still good news.

 

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