Two milestone, end-of-year board appointments made within a week of each other have increased the representation of women directors at two Fortune 100 companies. Women board members now make up one third of the directors at Allstate and Bank of America. In addition, the Allstate board is now made up of 50% women and directors of color, and 50% white male directors.
According to the Alliance for Board Diversity, only 24 Fortune 100 companies have women or minority directors that make up between 41% and 50% of board members. Only nine boards are made up of more than 50% women and minority directors.
At Allstate, the board on Dec. 20, 2017 announced the appointment of Margaret Keane and increased the size of the board to 12 directors. Keane is president and CEO of Synchrony Financial, which was spun off as an independent company by GE Capital in 2014.
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