Where Women Stand on Colorado Corporate Boards

Boardbound by Women’s Leadership Foundation has completed comprehensive census research on women on boards of directors of Colorado public companies

Colorado is accelerating the pace of women on boards

Three-quarters of companies now include a woman on their board

Colorado Natural Resource companies are making especially significant progress

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Seventeen percent of board positions now held by women

We salute the Colorado CEOs and board directors for achieving their ambitious target set in 2016, of a 50 percent improvement in the representation of women in board positions within three years.

Colorado is making progress at a faster rate

A large majority of public companies now include a woman on their board

75% of Colorado public companies have a woman on their board
The 20 percentage point improvement in the last two years is very encouraging 

Natural Resource companies doubled their performance in two years

The 40% of Colorado public companies which are Natural Resource companies are making very significant moves in opening their board positions to women

Larger Colorado companies lead the way including women on their boards of directors

Nearly all of Colorado Fortune 500 companies have 2 or more women on their boards

Colorado Fortune 1000 companies have narrowed the gap with their national counterparts

Colorado F1000 companies have nearly the same proportion of women on their boards as their national counterparts

However, Colorado still lags the nation when we look at Russell 3000 companies

Colorado Russell 3000 companies lag the national average by 2 percentage points
Colorado Russell 3000 companies lag the national average by 2 percentage points

Even though Colorado-based companies on the Russell 3000 companies have significantly reduced the number of all-male boards, they are still 3 percentage points more all-male boards than the national average.  Boardbound by Women’s Leadership Foundation can connect them with board-ready talent through our Boardconnect program.

Colorado also lags in the proportion of executive officer positions held by women

As new companies enter the Colorado market and current companies continue to grow, building a robust and diverse pipeline of Colorado women executive officers is critical to progress given the current low level of less than 14 percent of named executive officer positions held by women.

We hope this analysis encourages companies to open both more executive officer positions and more board positions to women.

Colorado is committed to marked improvement in gender board diversity

In March 2017, Colorado became the 4th state to pass a Legislative Resolution encouraging more women on boards.  The resolution with voluntary targets to meet by 2020 passed with bipartisan support from the House and Senate.

Only 24% of Colorado public companies meet the legislative targets set in 2017
Only 24% of Colorado public companies meet the targets set by a legislative resolution passed with bipartisan support of the state senate and house 

Would you like to know how many women are on each of Colorado public company boards?

Click here to see Colorado Public companies ranked by number of women on their boards as of December 31, 2019.

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BoardBound@WomensLeadershipFoundation.org